http://www.eoi-portal.org/articlesarticles2019-01-22T01:44:22.456+01:00OECDwebmaster@oecd.orghttp://www.oecd.orgMarkLogicSwitzerland: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/db8fadc67e979193a9c6891e01dac4e32018-12-14T11:16:11.18+01:00The peer review of Switzerland will review Switzerland’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Seychelles: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/e01763e64be99723c80c2320d21c67c72018-12-06T17:59:41.456+01:00The EOIR review will review Seychelles' legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.The Global Forum Secretariat assists Qatar in implementing the Common Reporting Standardhttp://www.eoi-portal.org/articles/d86ce20e9af9cb836b3448afdb70aa2d2018-12-05T10:06:02.673+01:00The Ministry of Finance of Qatar invited the Global Forum Secretariat to lead a one-day workshop for officials on the implementation of the Common Reporting Standard on 4 September 2018 in Doha. This workshop was followed by a seminar for financial institutions held on 5 September 2018. The workshop and the seminar were led by Kaelen Onusko and Hakim Hamadi, Global Forum Tax Policy Advisors, and were attended by 50 Qatari officials and 150 representatives of the financial institutions in Qatar.Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion with the widespread commencement of the automatic exchange of financial informationhttp://www.eoi-portal.org/articles/8592d3f7336b88f3995cd0b182615c782018-11-23T09:38:45.02+01:00he Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Punta del Este, Uruguay on 20-22 November, bringing together over 200 delegates from more than 100 jurisdictions, international organisations and regional groups to strengthen further the international community’s fight against tax evasion. The meeting marked the widespread rollout of automatic exchange of financial account of information.Tunisie : Lancement de l’examen par les pairs de second cyclehttp://www.eoi-portal.org/articles/63ec0163193532f309119eca495f72212018-10-01T11:35:37.137+02:00L'examen sur l’échange de renseignements à la demande de la Tunisie portera à la fois sur le cadre juridique de la Tunisie au regard des Termes de référence de 2016 et sur la mise en œuvre de la norme dans la pratique.Peru: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/28c5133539c0aea318782b71fad5ffda2018-09-28T18:15:08.018+02:00The EOIR review will review Peru’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Marshall Islands: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/d33c6bb93155ea33dad7f139b591f0c92018-09-28T17:55:57.299+02:00The EOIR review will review of Marshall Islands’ legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Panama: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/6b16d41924f71d634a189e176d1c5e412018-09-28T14:21:56.409+02:00The EOIR review will review Panama’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Samoa: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/b86a4512109bd553fad75d2ae997c48d2018-09-28T11:40:27.409+02:00The EOIR review will review Samoa’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.United Arab Emirates : Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/07db01c882942a736b286b83ff631e932018-09-28T11:51:30.128+02:00The EOIR review will review the UAE’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Liberia: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/3b40661b3faa2343d9850672ba80b5d02018-09-28T10:19:00.362+02:00The EOIR review will review Liberia’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Andorra : Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/2ab40c22f2e1b363dbbd2e8a2916a1ec2018-09-20T17:15:16.838+02:00The EOIR review will review Andorra’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Kazakhstan intends to commence automatic exchanges of financial account information in 2020http://www.eoi-portal.org/articles/0f247c94a42b57634884166fa9279dd52018-11-15T17:17:16.598+01:00Kazakhstan has formally expressed its intention to commence automatic exchanges of financial account information in tax matters in September 2020. The country has ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters in 2015, followed by the signature, in June 2018, of the Multilateral Competent Authority Agreement, which provides a standardised and efficient mechanism to facilitate the exchange of financial account information.African members of the Global Forum on Transparency and Exchange of Information for Tax purposes to intensify the fight against tax evasion and illicit financial flows from Africahttp://www.eoi-portal.org/articles/eaf4593671f5d2539981b78c47d211c42018-11-15T17:16:23.801+01:00Global Forum publishes tax transparency compliance ratings for seven jurisdictions and welcomes three new membershttp://www.eoi-portal.org/articles/e45fe19a10d4a4f3f9a856c3473f68842018-07-16T17:38:09.328+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum), published today seven peer review reports assessing compliance with the international standard on tax transparency and exchange of information on request (EOIR).The Global Forum deliveres a seminar in Yangzhou City to assist countries to fight tax evasion http://www.eoi-portal.org/articles/e0c8747312b00fb3eafaadf70e75ef172018-10-12T11:20:39.171+02:00The Global Forum delivered a five-day seminar on “Exchange of Information as a Tool to Combat Offshore Tax Evasion” in Yangzhou City, China on 2-6 July 2018. Saudi Arabia: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/bb2c45429ac3efb37b9331959c1f05f72018-06-29T11:56:21.89+02:00The EOIR review will review Saudi Arabia’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Lebanon: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/2c1e480d3f88b5c39a6adf4e592b93452018-06-29T11:57:06.797+02:00The EOIR review will review Lebanon’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Botswana: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/5e782b68aec106c3bad430cffc9762b62018-06-29T10:29:50.719+02:00The EOIR review will review Botswana’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Vanuatu Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/82f7fe4240b72d13f82748aef28fdb092018-06-28T17:47:31.145+02:00The EOIR review will review Vanuatu’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Nauru: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/addaeb09ea9d4b73d88d3ec8013fc3892018-06-28T17:48:13.942+02:00The EOIR review will review Nauru’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Malaysia: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/d994a41bcbfa2a933bd6082c0b8010f92018-06-26T12:18:32.854+02:00The EOIR review will review Malaysia’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Trinidad and Tobago: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/c54050718dbbbf63b86d25e81aeb42282018-06-22T15:39:02.825+02:00The peer review of Trinidad and Tobago will review Trinidad and Tobago’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Global Forum launches an Induction Programme for Greenland for implementation of the international tax transparency standardshttp://www.eoi-portal.org/articles/dc5e7e5994caf8839b2d332f402321302018-06-22T15:39:58.575+02:00An Induction Programme for Greenland to participate in and benefit from the international advances in tax transparency and exchange of information was launched with the visit of a team from the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) on 18 and 19 June 2018.Anguilla: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/94ae9a5224baa3e32b62c5daf15bbfc52018-06-20T14:38:46.909+02:00The EOIR review will review Anguilla’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Croatia: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/aa48e1ef78b4d0d3a85ae63f176e873d2018-06-06T12:30:06.25+02:00The peer review of Croatia will review Croatia’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Please find attached the core documents underpinning the peer reviews: the 2016 Terms of Reference, the 2016 Methodology, the Assessment Criteria Note and the updated 2016-2020 Schedule of Reviews.Global Forum on Tax Transparency assists Ecuador to implement the AEOI Common Reporting Standardhttp://www.eoi-portal.org/articles/2911e36d0fd88e03b8f752c7856962ec2018-06-22T15:46:52.154+02:00The Internal Revenue Service (SRI) of Ecuador and the Global Forum Secretariat held a joint consultative workshop on the implementation of the Common Reporting Standard with the financial services sector in Quito on 29-31 May 2018. The workshop was organised in co-operation with the Inter-American Center of Tax Administrations (CIAT).Global Forum launches an Induction Programme for Haiti for implementation of the international tax transparency standardshttp://www.eoi-portal.org/articles/cee526ceb39f3db3db9ffd9a79a5614e2018-06-22T15:47:55.794+02:00An Induction Programme for Haiti to participate in and benefit from the international advances in tax transparency and exchange of information was launched with the visit of a team from the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) on 28-30 May 2018.Federated States of Micronesia: Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Reviewhttp://www.eoi-portal.org/articles/4e1fec0a212a2c4308d56417f40f358b2018-06-04T09:58:22.68+02:00The EOIR review will review Micronesia’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Please find attached the core documents underpinning the peer reviews: the 2016 Terms of Reference, the 2016 Methodology, the Assessment Criteria Note and the updated 2016-2020 Schedule of Reviews.Paraguay joins international efforts against tax evasion and avoidancehttp://www.eoi-portal.org/articles/e33eb790bfa916d31b1888365c7d52d42018-06-22T15:46:13.435+02:00Paraguay signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 119th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The signing shows Paraguay’s commitment to fully benefit from the exchange of information and the increase in tax transparency that the Convention offers, and marks a further step in Paraguay’s efforts to implement international tax standards since it joined the Global Forum on Transparency and Exchange of Information for Tax Purposes and the Inclusive Framework on BEPS in 2016.The Global Forum provides training in Senegal on beneficial ownership information and the fight against tax evasionhttp://www.eoi-portal.org/articles/85aa6deb13a13093f870ff79468831852018-06-22T15:43:47.169+02:00 The Global Forum held a seminar on Beneficial Ownership (BO) and Exchange of Information on Request (EOIR) on 22-24 May in Dakar, Senegal. This was the third Global Forum training seminar on Beneficial Ownership that took place in Africa and was organised for French speaking African countries in cooperation with OHADA (Organisation for the Harmonisation of Business Law in Africa), with the support of the World Bank Group and the French Ministry of Europe and Foreign Affairs. Peru to join two major OECD Conventions:Anti-Bribery Convention and multilateral Convention on Mutual Administrative Assistance in Tax Mattershttp://www.eoi-portal.org/articles/404c8edd90cf92c39a9b4df2f1aa8c422018-06-22T15:45:08.388+02:00Peru is taking important steps toward fighting corruption and fostering greater transparency and exchange of information by completing the necessary steps to become a Party to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention) and the multilateral Convention on Mutual Administrative Assistance in Tax Matters.Grenada signs the Multilateral Convention on Mutual Administrative Assistance in Tax Mattershttp://www.eoi-portal.org/articles/dadd6c2615b2ce13ab26e08ba5b8d5f62018-06-22T15:42:50.825+02:00Turks and Caicos Islands: Launch of Peer Review - Second Round of Exchange for Information on Request (EOIR) Reviewshttp://www.eoi-portal.org/articles/e144a70e67827b3369e5ca682a5879f72018-05-22T10:20:25.662+02:00The EOIR review will review Turks and Caicos Islands’ legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework. Global Forum launches an Induction Programme for Madagascar for implementation of the international tax transparency standardshttp://www.eoi-portal.org/articles/230d261c30955c038921586faf606d182018-06-22T15:42:05.372+02:00An Induction Programme for Madagascar to participate in and benefit from the international advances in tax transparency and exchange of information was launched with the visit of a team from the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) on 23-25 April 2018.Global Forum delivers a seminar in Ankara to assist countries to fight tax evasionhttp://www.eoi-portal.org/articles/3ff541f36185ad63c86ea0755a75a9332018-06-22T15:41:13.966+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes delivered a three-day seminar on “Exchange of Information as a Tool to Combat Offshore Tax Evasion” in Ankara, Turkey on 17-19 April 2018. 34 delegates from 17 jurisdictions attended the three-day seminar which was by hosted by the OECD Ankara Multilateral Centre. Global Forum delivers exchange of information training to tax officials in the Pacifichttp://www.eoi-portal.org/articles/2e82ae56c44987c3c8f176f216ff71fb2018-06-04T11:28:14.68+02:00More than 20 tax auditors, tax investigators and Exchange of Information (EOI) officials from the Pacific region met in Fiji, on 10-12 April 2018 for a three day training seminar organised by the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes in cooperation with the Asian Development Bank (ADB) and the Pacific Islands Tax Administrators’ Association (PITAA).Global Forum on Tax Transparency assists Morocco to implement AEOI with launch of joint pilot projecthttp://www.eoi-portal.org/articles/f9647921201894e38bae14571ba99a392018-06-04T11:27:19.633+02:00Morocco, France and the Global Forum Secretariat launched, on 3 and 4 April 2018, in Rabat, a pilot project aimed to assist Morocco in implementing the Standard of automatic exchange of information on financial accounts (the AEOI Standard).The Global Forum on tax transparency assists Tunisia for its peer review on the exchange of information on requesthttp://www.eoi-portal.org/articles/5c430b033b139e73dba59d32f7be8a472018-05-30T14:07:37.757+02:00A two member team from the Global Forum on Transparency and Exchange of Information for Tax Purposes visited Tunisia from 26-30 March 2018 to provide it with technical assistance in the preparation of its upcoming peer review against the international standard of exchange of information on request. The peer review is scheduled to be launched in the third quarter of 2018.Global Forum issues tax transparency compliance ratings for nine jurisdictions as membership rises to 150http://www.eoi-portal.org/articles/54fba049f8852c1369223759f9adbc452018-06-22T15:53:04.919+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today nine peer review reports assessing compliance with international standards on tax transparency.Onsite-visit in Mongolia to launch induction programme http://www.eoi-portal.org/articles/bd8871748c2c4513398f5c805f8d338d2018-05-29T12:32:57.791+02:00Global Forum launches the Induction Programme on Tax Transparency and Exchange of Information for Beninhttp://www.eoi-portal.org/articles/0514bc3b98f73c937b18b895cbed2eee2018-05-02T16:42:13.215+02:00The Induction Programme of Benin in the Global Forum on Transparency and Exchange of Information for Tax Purposes was launched with the visit of a team from the Global Forum Secretariat on 6-8 March 2018. Mr. Dónal Godfrey, Deputy Head of Secretariat and Mr. Ervice Tchouata, Tax Policy Analyst visited Cotonou to launch the induction programme for Benin which became a member of the Global Forum in July 2017. The delegation met with key Government stakeholders including the Ministry of Economy and Finance, the Ministry of Justice, the Central Bank and the Tax Administration. The authorities met in Cotonou confirmed Benin’s commitment to the international standards and their determination to ensure a rapid implementation of these standards in Benin.Serbia joins the global community in tackling tax evasion through international tax cooperationhttp://www.eoi-portal.org/articles/9154ec59b01b42e3ebedd2b1b4c4ddf32018-04-25T18:19:29.88+02:00Serbia joins the international fight against tax evasion by becoming the 149th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. Members of the Global Forum already include all G20 and OECD countries, all international financial centres and many developing countries.
Luxembourg: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/7fa2c979051e83731b04f148ff81f3bb2018-03-06T11:02:29.63+01:00The peer review of Luxembourg will review Luxembourg's legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Liechtenstein: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/b0b1db6874eeb9637a278b7f811477dc2018-02-13T11:27:41.464+01:00The peer review of Liechtenstein will review Liechtenstein’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Global Forum launches Rwanda’s Induction Programme on Tax Transparency and Exchange of Information http://www.eoi-portal.org/articles/3e43377a4d49d1b3db48438e99b6adfe2018-04-23T15:18:23.073+02:00The Head of the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes Ms. Monica Bhatia visited Kigali on 8-9 February 2018, to launch the induction programme for Rwanda, which became a member of the Global Forum in December 2017. The Global Forum provides training on beneficial ownership information and the fight against tax evasionhttp://www.eoi-portal.org/articles/6c38c7d524de8613fa2d0460b3ed6a9a2018-04-16T10:43:39.044+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes held its fourth seminar on Beneficial Ownership (BO) and Exchange of Information on Request (EOIR) in Pretoria, South Africa from 29 January to 2 February 2018. The seminar was hosted by the South African Revenue Service (SARS) and the African Tax Administration Forum (ATAF). More than 60 delegates from 26 countries and international organisations participated.Austria: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/bbd48e4208a490534a8d4d08c92a9d582018-02-05T17:44:55.139+01:00The peer review of Austria will review Austria's legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Brazil: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/215102b4921428338aa849eacf16525f2018-02-05T17:44:28.967+01:00The peer review of Brazil will review Brazil's legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Mongolia joins the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/2331fd93a18d32434abc8881ca6d0f222018-04-16T10:41:19.388+02:00Mongolia joins the international fight against tax avoidance and evasion by becoming the 148th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.International tax co-operation: Key indicators and outcomeshttp://www.eoi-portal.org/articles/9693e2812f8c7c73e933e0aa799aa31a2018-02-12T17:55:37.638+01:00The Global Forum assists tax auditors in Tunisia to combat offshore tax evasion under the MENA Transition Fund Programmehttp://www.eoi-portal.org/articles/3fd97420d987772339559b5c2522d44c2018-02-12T17:54:31.951+01:00Global Forum launches a plan of action for developing countries participation in automatic exchanges of financial account informationhttp://www.eoi-portal.org/articles/6b62231132f00793593b8a6301c690a62017-11-23T11:44:28.734+01:00To ensure delivery of benefits of automatic exchange of information(AEOI) to all corners of the world and in particular to developing countries where it is most needed, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) adopted a Plan of Action for Developing Countries Participation in AEOI at its 10th meeting in Yaoundé, Cameroon (15-17 November 2017) and invited all developing countries to take advantage of it.The Global Forum on Tax Transparency intensifies the pressure on tax evaders worldwidehttp://www.eoi-portal.org/articles/797de99e1a42e873cbe61ac0b4cb7da62017-11-17T15:04:36.809+01:00In the aftermath of the release of the “Paradise Papers”, 200 delegates from more than 90 delegations met in Yaoundé, Cameroon for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions.Media Advisory:10th Meeting of the Global Forum, 15-17 November 2017, Yaoundé, Cameroonhttp://www.eoi-portal.org/articles/c107943959b0ce23885cf35986e71e152017-11-10T14:56:06.009+01:00Global cooperation to fight tax evasion and avoidance has grown rapidly over the past few years. Tax transparency and exchange of Information between tax authorities about financial assets and activities of their taxpayers abroad has proved to be a valuable tool in this fight. New efforts to ensure a worldwide level playing field and global implementation of transparency standards will top the agenda during the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, in Yaoundé, Cameroon on 15-17 November 2017.Qatar expands its capacity to fight international offshore tax avoidance and evasionhttp://www.eoi-portal.org/articles/77c8ac1ca388efa3caf46b22bbdc05f02017-11-10T14:58:07.259+01:00Today, at the OECD Headquarters in Paris, His Excellency Khalid Bin Rashid Al-Mansouri, Ambassador of the State of Qatar to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the OECD Deputy Secretary-General Masamichi Kono. Qatar is the 115th jurisdiction to join the Convention.Kazakhstan: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/8f86a8cc3f587f33fb1385a74a77e4c02017-10-30T16:37:32.584+01:00The peer review of Kazakhstan will review Kazakhstan’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Two-day workshop on the implementation of the Common Reporting standard organised by the Ministry of Finance of Brunei Darussalamhttp://www.eoi-portal.org/articles/9570d4603fef10d3b8b85b0e917a90bd2017-11-10T14:57:14.899+01:00The Ministry of Finance of Brunei Darussalam and the Global Forum Secretariat held a consultative workshop on the implementation of the Common Reporting Standard with the financial services sector in Brunei Darussalam on 30 October 2017. This was followed by a one-day workshop for officials on 31 October 2017.Peru expands its capacity to fight international offshore tax avoidance and evasionhttp://www.eoi-portal.org/articles/1ec1013b89c5bb73cb2382c7968e34bb2017-11-10T14:58:51.478+01:00Today, in Lima (Peru), Claudia María Amelia Teresa Cooper Fort, Minister of Economy and Finance of Peru, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of the Deputy Director of the OECD's Centre for Tax Policy and Administration, Grace Perez-Navarro. The Republic of Peru is the 114th jurisdiction to join the Convention, and the 12th Latin American jurisdiction to do so.The Global Forum assists tax auditors in Asia to combat Offshore tax evasionhttp://www.eoi-portal.org/articles/ffc9f5483cede1633b3d675587fd64192017-11-10T15:04:55.978+01:00The Global Forum on Transparency and Exchange of Information for Tax Purposes is delivering a three-day seminar on “Exchange of Information as a Tool to Combat Offshore Tax Evasion” in Yangzhou City, China on 23-27 October 2017. The seminar is hosted by the OECD-SAT Multilateral Tax Centre in China.Aruba: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/742a70b04da3b4a3dab02fdc54476bf42017-10-23T21:59:42.203+02:00The peer review of Aruba will review Aruba’s legal and regulatory framework for transparency and exchange of information for tax purposes as well as the practical implementation of that framework.Global Forum supports ATAF to set up the first Technical Committee on Exchange of Information for tax purposeshttp://www.eoi-portal.org/articles/3f86869262438c336a86f7a360bc4b862017-10-19T17:12:30.39+02:00Onsite-visit in Tbilisi to launch induction programme and assist Georgia in the implementation of the new international tax standardshttp://www.eoi-portal.org/articles/44346fa071cafb4338fc12bf27484bfa2017-10-19T17:12:00.343+02:00On 16 October 2017, an OECD delegation met in Tbilisi the Georgian First Deputy Minister and Head of Georgia Revenue Service Giorgi Tabuashvili and Deputy Minister Lasha Khutsishvili to discuss the progress of the country in implementing the new international standards to combat tax avoidance and tax evasion.Technical visit of the Global Forum in Lima to assist Peru in the preparation for its next peer review on EOIRhttp://www.eoi-portal.org/articles/2c8c036b68bb615359d76741920075102017-10-19T17:12:54.702+02:00A technical assistance visit was held in Lima, Peru from 11-13 October 2017 to assist Peru in the preparation for its next review on exchange of information on request (EOI). Participation of the Global Forum Secretariat to a three-day workshop on the implementation of the Common Reporting Standard in Saudi Arabia http://www.eoi-portal.org/articles/40e1b24007f3ed8328a0aac710e6ce5f2017-10-13T11:48:42.376+02:00The General Authority of Zakat and Tax of Saudi Arabia and the Global Forum Secretariat held a two-day workshop for officials on the implementation of the Common Reporting Standard in Riyadh on 10 – 11 October. Global Forum launches the Induction Programme on Tax Transparency and Exchange of Information for Ecuadorhttp://www.eoi-portal.org/articles/675093af8397e5f38b08e09c67496c7b2017-10-12T12:12:41.07+02:00A high level team from the Global Forum on Transparency and Exchange of Information for Tax Purposes visited Quito on 10 and 11th October, to launch the induction programme for Ecuador, which became a member of the Global Forum in May 2017.Indonesia: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/6d29175deebeb5633af0e773dcca92562017-10-09T15:38:44.725+02:00Launch of Peer Review – Second Round of Exchange of Information on Request (EOIR) Review for Indonesia.The Philippines: Launch of the Second Round EOIR reviewhttp://www.eoi-portal.org/articles/007ff896318f8c83aa025bd7eff4aa102017-09-29T14:12:53.439+02:00 Launch of the exchange of information on request review (2016-2020 reviews) for the Phiilippines.Japan: Launch of the EOIR second round reviewhttp://www.eoi-portal.org/articles/56b706d0d26e24c3f846945af724e5802017-09-29T12:11:13.517+02:00Launch of the exchange of information on request review (2016-2020 reviews) for Japan.Singapore: Launch of the EOIR second round reviewhttp://www.eoi-portal.org/articles/a439057d5c4ae5830b52d0924e7b65cc2017-09-19T09:52:41.06+02:00Launch of the exchange of information on request review (2016-2020 reviews) for Singapore.Global Forum delivers tools to Caribbean and Latin American countries to address the issue of beneficial ownership informationhttp://www.eoi-portal.org/articles/23409212dc2c5313cbb2436d30d61e9c2017-09-14T10:25:46.856+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes held its third seminar on Beneficial Ownership in Mexico City on 11-13 September 2017. Brunei Darussalam expands its capacity to fight international offshore tax avoidance and evasionhttp://www.eoi-portal.org/articles/5400c9a74f915cf309f45ad0309fd5892017-09-14T10:26:16.778+02:00Today, at the OECD Headquarters in Paris, Her Excellency Datin Paduka Malai Halimah Malai Yussof, Ambassador Extraordinary and Plenipotentiary of Brunei Darussalam to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of OECD Deputy Secretary-General, Mr. Masamichi Kono. Brunei Darussalam is becoming the 113rd jurisdiction to join the Convention.Cambodia, Greenland, Haiti and Madagascar join the fight against tax evasionhttp://www.eoi-portal.org/articles/0a892166501648538bdcdb2284f783532017-09-05T15:45:39.428+02:00Greenland, Cambodia, Madagascar and Haiti have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 143rd, 144th, 145th and 146th members. By joining the Global Forum they are announcing their commitment to implement both the international standard of exchange of information on request and the standard on automatic exchange of financial account information.Anguilla: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/e6437c527df25883bbf1470877fea2f32017-09-01T11:42:01.628+02:00Launch of the exchange of information on request review (2016-2020 reviews) for Anguilla.Global Forum releases second round of compliance ratings on tax transparency for 10 jurisdictions http://www.eoi-portal.org/articles/57003921a181a9335bb958befe0bad732017-08-21T11:24:13.657+02:00The Global Forum published today the first 10 outcomes of a new and enhanced peer review process aimed at assessing compliance with international standards for the exchange of information on request between tax authorities. Benin joins the Global Forum as its 142nd memberhttp://www.eoi-portal.org/articles/380b09f97caaf573ba0eaf714dd5bb272017-07-03T17:48:26.629+02:00Benin has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 142nd member. Its membership reinforces its commitment to implement both the international standard of exchange of information on request and the standard of automatic exchange of financial account information.Kuwait expands its capacity to fight international offshore tax avoidance and evasionhttp://www.eoi-portal.org/articles/082d3f21be36e0432b1aef87731524f02017-07-03T17:50:16.41+02:00Today, at the OECD Headquarters in Paris, H. E. Sami Mohammad Alsulaiman, Ambassador of Kuwait to France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of OECD Deputy Secretary-General, Mrs. Mari Kiviniemi, therewith becoming the 110th jurisdiction to join the Convention.Workshop on Automatic Exchange of Information and Last Mile Seminar on Effective Exchange of Information organised in Nigeriahttp://www.eoi-portal.org/articles/e40c0415a11851835bc343c2f155da762017-07-03T17:54:11.442+02:00A workshop on Automatic Exchange of Information (AEOI) is taking place on 29-30 June and a Last Mile seminar on effective exchange of information (EoI) will follow on 3-5 July in Lagos, Nigeria.Bahrain expands its capacity to fight international tax avoidance and evasionhttp://www.eoi-portal.org/articles/37600f24310e6ea33899f82afcd6b9c52017-07-03T17:53:21.285+02:00Today, at the OECD Headquarters in Paris, H.E. Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance of Bahrain signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of OECD Deputy Secretary-General, Mr. Douglas Frantz, therewith becoming the 112th jurisdiction to join the Convention.Strong progress seen on international tax transparency http://www.eoi-portal.org/articles/b49c41051fa43663da488ff6fe7740202017-06-28T16:22:47.69+02:00The Global Forum established a Fast-Track review process to evaluate continuing efforts by some jurisdictions to meet transparency standards in the run-up to the G20 Summit. The latest results of the Fast Track review show that progress has now been made by most jurisdictions in meeting the international tax transparency standards.Guernsey: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/35edd1a55af39ee30a041e41206bf5f12017-06-15T19:36:12.961+02:00Guernsey: Launch of the exchange of information on request review (2016-2020 reviews).Guatemala ratifies the Convention on Mutual Administrative Assistance in Tax Matters http://www.eoi-portal.org/articles/3fe5b39db36ddd73f9442b8473e65a2f2017-07-03T17:47:47.942+02:00The President of the Republic of Guatemala, Jimmy Morales, today deposited Guatemala’s instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters ("the Convention") with the OECD’s Secretary-General, Angel Gurría, therewith underlining his country’s strong commitment to greater transparency and international co-operation in tax matters.Djibouti joins the Inclusive Framework on BEPS and the Global Forumhttp://www.eoi-portal.org/articles/7e0776e6256ec0a35adffbd63d60cbaa2017-07-03T17:49:22.067+02:00The Inclusive Framework on BEPS ("IF") welcomes Djibouti as its newest member, bringing to 97 the total number of countries and jurisdictions participating on an equal footing in the project. Members of the IF have the opportunity to work together with other OECD and G20 countries on implementing the BEPS package consistently and on developing further standards to address remaining BEPS issues.San Marino: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/85404c8e9a0511231accec352fcd94b22017-05-12T17:13:49.983+02:00San Marino: Launch of the exchange of information on request review (2016-2020 reviews).Lebanon confirms its commitment towards greater tax transparencyhttp://www.eoi-portal.org/articles/0723ef577350a043e80d0518dff4bc8e2017-05-12T16:28:07.514+02:00Lebanon represented by Mr. Ghady El Khoury, Chargé d’affaires of the Embassy of Lebanon in France, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“The Convention”), therewith becoming the 111th jurisdiction to join the Convention. Lebanon deposited its instrument of ratification for the Convention at the same time.New Zealand: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/91520a43cdd4f6d3fa1e14fce95ea3b32017-05-09T17:33:11.85+02:00New Zealand: Launch of the exchange of information on request review (2016-2020 reviews).Ecuador joins the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/9ea1f67dd154fe032bf9818db941d02b2017-07-03T17:51:09.254+02:00Ecuador joins the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 140th member. Members of the Global Forum include all G20 countries, all OECD members, all international financial centres and a very large number of developing countries.Seminar: Exchange of Information as a Tool to Combat Offshore Tax Evasion, 18-20 April 2017, Turkeyhttp://www.eoi-portal.org/articles/43bf1fec04e28f931a6ecb287305c74c2017-07-03T17:52:11.488+02:0037 delegates from 17 jurisdictions attended a three-day seminar on “Exchange of Information as a Tool to Combat Offshore Tax Evasion” took place in Ankara, Turkey on 18-20 April 2017. The seminar by hosted by the OECD Ankara Multilateral Center.Hungary: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/802e0b26e4a4a2330b8e42a536ace6462017-04-10T17:07:24.546+02:00Hungary: Launch of the exchange of information on request review (2016-2020 reviews).Seminar on Beneficial Ownership, Manila, Philippines, 28-30 March 2017http://www.eoi-portal.org/articles/f5cdb4cadaaebe33daa8b09241616c822017-04-05T09:56:41.33+02:00More than 80 delegates from 24 countries and international organisations participated in the second Global Forum seminar on Beneficial Ownership in Manila, Philippines on 28-30 March 2017. The seminar was hosted by the Asian Development Bank (ADB) with support from the Asia Pacific Group on Money Laundering (APG), the OECD Korea Policy Centre (Tax Programme) and the World Bank Group.National Seminar: The Last Mile / Effective EOI: An Auditor's Perspectivehttp://www.eoi-portal.org/articles/e8eed15da367c4135875b931d3562db32017-04-05T09:57:15.033+02:00
More than 40 tax auditors, tax investigators and Exchange of Information (EOI) officials from Uganda are meeting in Kampala, on 3-5 April for a three day training seminar organised by the Global Forum Secretariat in cooperation with the Uganda Revenue Authority. The purpose of the seminar is to sensitise auditors and investigators on how they can use the EOI tools available and the worldwide network of EOI agreements to better tackle cross-border tax evasion and improve their tax audits. Participation of the Global Forum to the Fourth workshop on transfer pricing under the MENA Transition Fund Programme in Tunisiahttp://www.eoi-portal.org/articles/f73c18fa368c2c63985a19421e7c0f812017-04-05T10:01:54.627+02:00The Fourth workshop on transfer pricing under the MENA Transition Fund Programme to strengthen Tunisia’s capacity to protect its tax base against aggressive tax planning of MNEs as well as profit shifting through transfer pricing or other means, while avoiding double taxation that would be detrimental to the overall business climate was held in Tunis on 19-23 December 2016.Estonia: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/ccc6f6283c12db73d90a43cdc5b285632017-04-04T16:25:51.135+02:00Estonia: Launch of the exchange of information on request review (2016-2020 reviews).The Bahamas: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/03108b29509303c3c89003824c681bdd2017-03-31T16:29:06.493+02:00The Bahamas: Launch of the exchange of information on request review (2016-2020 reviews).Technical visit to the United Republic of Tanzania as part of the Induction Programmehttp://www.eoi-portal.org/articles/b63db3f6c0fb3fe33ab14e835f0d4a262017-03-30T18:41:39+02:00Mr. Ervice Tchouata, Tax Policy Analyst at the Global Forum Secretariat, conducted a technical visit to the United Republic of Tanzania on 27-29 March 2017 as part of the induction programme for this country which joined the Global Forum in 2015. During the visit two awareness building seminars attended by 31 participants were organised with the Tanzania Revenue Authority and other stakeholders including representatives from the Ministry of Finance, the Bank of Tanzania (Central Bank), the Business Registration and Licensing Agency (registrar of companies), the Registration, Insolvency and Trusteeship Agency (registrar of trusts), the Tanzania bankers association, the Financial Intelligence Unit and the Attorney General’s Chambers.New Member Induction Programme launched for Egypthttp://www.eoi-portal.org/articles/6a430e49493bd4b34875add71ce2866e2017-03-23T11:54:42.148+01:00The Head of the Global Secretariat, Monica Bhatia and Hakim Hamadi, Tax Policy Analyst visited Egypt on 8-10 March 2017 to meet with senior officials and launch Egypt's Induction Programme* and to welcome it into the Global Forum.
The launch visit will be followed by the preparation of a Roadmap containing steps to be taken over the coming three years by Egypt and the Global Forum for Egypt to implement and benefit from the international standards.EOI Training Seminar, Santiago, Chilehttp://www.eoi-portal.org/articles/8c6004aa70be5b030a74704fb14a016e2017-04-05T09:58:35.361+02:00The sixth of the training series for the Exchange of Information on Request (EOIR) second round of reviews took place in in Santiago, Chile on 7- 10 March 2017. The training was a great success with more than 60 tax officials from 16 jurisdictions, in attendance. Italy: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/739415f613a996333af0598f5bec80d82017-02-07T11:58:17.586+01:00Italy: Launch of the exchange of information on request review (2016-2020 reviews).Thailand joins the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/8b2176521edf8d337ab8834e80baafb72017-04-05T09:59:49.424+02:00Thailand has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 139th member. Its membership reinforces its commitment to implement both the international standard of exchange of information on request and the standard of automatic exchange of financial account information.Isle of Man: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/9724fd07452e1813aa52bb0b3ee5cb192017-02-07T12:10:38.695+01:00Isle of Man: Launch of the exchange of information on request review (2016-2020 reviews).The Faroe Islands joins the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/f3a2da3fd4947ed37b976db0cc37de072017-04-05T10:00:44.674+02:00The Faroe Islands has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 138th member. Its membership reinforces its commitment to implement both the international standard of exchange of information on request and the standard of automatic exchange of financial account information with the Faroe Islands committed to first exchanges in 2017.Monaco strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Mattershttp://www.eoi-portal.org/articles/59072114a32ba4c3fadce1b6b70a772b2017-04-05T10:03:03.018+02:00Monaco today deposited its instrument of ratification for the Convention on Mutual Administrative Assistance in Tax Matters ("the Convention"). By doing so, Monaco underlines its commitment to fighting tax evasion and avoidance and takes another important step in implementing the Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD and G20 countries.Seminar on Beneficial Ownership, Kampala, Uganda, 12-13 December 2016http://www.eoi-portal.org/articles/18997db913548c033b2f7474f324acc32017-03-30T10:05:39.922+02:00More the 80 delegates from 21 countries and two international organisations participated in the first Global Forum seminar on Beneficial Ownership in Kampala Uganda on 12-13 December. The seminar was hosted by the Ugandan Revenue Authority (URA) with support from the UK’s Department for International Development and the World Bank Group.Curaçao: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/931287a7146e15b319375a1fdc4177312016-12-13T10:57:47.187+01:00Curaçao: Launch of the exchange of information on request review (2016-2020 reviews).New Member Induction Programme launched for Chadhttp://www.eoi-portal.org/articles/f52a81e49f8098a358849a4f3be8bcb92017-03-30T10:03:57.875+02:00The Head of the Global Secretariat, Monica Bhatia and Ervice Tchouata, Tax Policy Analyst visited N’Djamena, Chad on 23-25 November 2016 to meet with senior officials and launch Chad's Induction Programme* and to welcome it into the Global Forum.Saint Lucia expands its capacity to fight international tax avoidance and evasionhttp://www.eoi-portal.org/articles/9723a64007498f73fa90c0d033ec90272016-11-22T14:35:00.789+01:00Saint Lucia today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Saint Lucia became the 107th jurisdiction to join the Convention. Hon. Allen Michael Chastanet, Prime Minister and Minister for Finance, Economic Growth, Job Creation, External Affairs and Public Service, signed the Convention in the presence of the OECD Secretary-General, Angel Gurría.A Global Forum assessor and assessed training seminar took place in Washington D.C. on 14-18 November 2016http://www.eoi-portal.org/articles/b804794977363073697763ff7301aaaa2017-03-30T10:02:20.172+02:00A Global Forum assessor and assessed training seminar took place in Washington D.C. on 14-18 November 2016 . It was organised in joint cooperation between the Inter-American Development Bank, the Internal Revenue Service (IRS), and the Inter American Center of Tax Administrations (CIAT).India: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/665efa01365e94937abcb61d957420212016-11-07T15:50:04.618+01:00India: Launch of the exchange of information on request review (2016-2020 reviews).Denmark: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/8f516a5991b71d2309612a0f998601a82016-11-05T23:01:09.316+01:00Denmark: Launch of the exchange of information on request review (2016-2020 reviews).Global Forum makes advances on the international tax transparency agenda (9th Global Forum Meeting , Tbilisi, Georgia)http://www.eoi-portal.org/articles/1a2be2e7f27e0b5369b485b3c0eae6722017-03-30T10:00:39.484+02:00The Global Forum held its annual meeting in Tbilisi, Georgia on November 2-4, bringing together 220 delegates from 84 jurisdictions and 12 International organisations to further their shared goal of improving tax transparency and achieving a level playing field. The Cook Islands become the 106th jurisdiction to join the most powerful international instrument against offshore tax evasion and avoidancehttp://www.eoi-portal.org/articles/e45f07ed7950e083c9a10131f005ea172016-10-28T14:18:12.053+02:00Today at the OECD Headquarters in Paris, Mr. Andrew Haigh, Collector of Inland Revenue of the Cook Islands, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.Panama joins international efforts against tax evasion and avoidancehttp://www.eoi-portal.org/articles/c6723425cf7457e3f906284c7204b7a72016-10-27T15:20:58.346+02:00anama signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 105th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The signing shows that Panama is now implementing its commitment to fully cooperate with the international community on transparency.Jamaica: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/dcc520cf9bd07c53b86904093b7771682016-10-26T15:16:32.409+02:00Jamaica: Launch of the exchange of information on request review (2016-2020 reviews).Qatar: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/1e2e97cb1a871b93b8758bd161940bd62016-10-10T17:36:34.992+02:00Qatar: Launch of the exchange of information on request review (2016-2020 reviews).Germany: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/71ea1784b72d0cc3daad9b5cc0a8fae22016-10-10T17:23:04.601+02:00Germany: Launch of the exchange of information on request review (2016-2020 reviews).OECD Secretary-General's tax report to G20 Finance Ministershttp://www.eoi-portal.org/articles/a528991a57182da30a1acb46f7d53b392016-10-07T16:03:32.051+02:00Canada: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/0d60702ccb3cadc308f529d0561a1c852016-10-03T16:36:09.92+02:00Canada: Launch of the exchange of information on request review (2016-2020 reviews).Cayman Islands: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/6a3aa5b8a913e6c35a92a5853b72a6012016-10-03T14:41:58.967+02:00Cayman Islands: Launch of the exchange of information on request review (2016-2020 reviews).Switzerland confirms its commitment towards greater tax transparency – ratifies the Convention on Mutual Administrative Assistance in Tax Mattershttp://www.eoi-portal.org/articles/218fe39bfaa827a35bf9051cd12c32172016-09-26T18:09:03.056+02:00Switzerland, represented by Ambassador Ulrich Lehner , today deposited its instrument of ratification for the multilateral Convention on Mutual Administrative Assistance in Tax Matters ("the Convention") in the presence of OECD Secretary-General Angel Gurría. This ratification re-affirms Switzerland's commitment to greater tax transparency and marks another important step in implementing the Standard for Automatic Exchange of Financial Account Information in Tax Matters developed by the OECD and G20 countries as well as the automatic exchange of Country-by-Country Reports under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project.Ireland: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/571830156ca3a7f30ade91834404178c2016-09-19T18:46:14.24+02:00Ireland: Launch of the exchange of information on request review (2016-2020 reviews).Pakistan becomes the 104th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidancehttp://www.eoi-portal.org/articles/98a00ec91c2d931389e1efc0ceddf2592016-09-29T18:23:51.717+02:00Today, at the OECD Headquarters in Paris, Senator Mohammad Ishaq Dar, Minister of Finance of Pakistan, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of OECD Secretary-General Angel Gurría, therewith becoming the 104th jurisdiction to join the Convention.Australia: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/c409006b5f2609f3b936ad329c6b584e2016-09-13T17:50:22.137+02:00Australia: Launch of the exchange of information on request review (2016-2020 reviews).Norway: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/2d0affed2cbd7c93882315f6dfc884782016-09-12T15:03:55.809+02:00Norway: Launch of the exchange of information on request review (2016-2020 reviews).Bermuda: Launch of the EOIR reviewhttp://www.eoi-portal.org/articles/5e99f9416650f9c36ae7672560d8b4a32016-09-05T11:30:05.078+02:00Bermuda: Launch of the exchange of information on request review (2016-2020 reviews).International community continues movement towards greater tax transparency http://www.eoi-portal.org/articles/ea8aa4df7224d6b36ada3f7527fcd4f52016-07-26T16:07:45.291+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today 10 new peer review reports demonstrating continuing progress toward implementation of the international standard for exchange of information on request. The reports allocated ratings for compliance with the individual elements of the international standard, as well as an overall rating for each of the eight jurisdiction undergoing a Phase 2 review.The 5th Global Forum Competent Authories Conference is taking place on 7-8 July 2016 in Mauritiushttp://www.eoi-portal.org/articles/79ddf6a34b539a935b446c911ab8495d2016-07-07T10:36:30.889+02:00The 5th Global Forum Competent Authorities Conference is taking place on 7-8 July 2016 in Mauritius. More than 110 Competent Authorities from 66 jurisdictions will be sharing experiences and discuss challenges ahead to fight tax evasion and avoidance efficiently.Maria José Garde appointed as Global Forum Chair as of 1 January 2017http://www.eoi-portal.org/articles/6d6e5d771b82a58359608cc7c7dad29b2016-06-23T11:34:10.476+02:00Ms. Maria José Garde has been appointed as the new Global Forum Chair. She will take up her duties on 1 January 2017, when the term of the current Chair, Mr. Kosie Louw from South Africa, ends. Ms. Garde currently holds the position of Deputy Director General for International Taxation at the Spanish Ministry of Finance.Paraguay joins the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/d9ce10dcf0e382939b0f2d5dbe0e2b4d2016-06-16T15:59:42.499+02:00Paraguay has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 134th member. Its membership signals its commitment to implement the international standard of exchange of information on request and work towards a practicable timeframe to implement the standard of automatic exchange of financial account information.Brazil, Jamaica and Uruguay expand their capacity to fight international tax avoidance and evasionhttp://www.eoi-portal.org/articles/c12a5f17c6a91b139969f006d139ba452016-06-02T09:35:46.678+02:00Jamaica and Uruguay today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and Brazil deposited its instrument of ratification of the Convention on the occasion of the launch of the OECD’s Latin American and Caribbean Regional Programme and the OECD Ministerial Council Meeting. Jamaica and Uruguay became the 95th and 96th jurisdictions to join the Convention.Global tax and transparency: We have the tools, now we must make them workhttp://www.eoi-portal.org/articles/7a2948c19585d3c3ba8da4c487febf7b2016-06-02T09:39:11.444+02:00If there is a silver lining to the 2008 financial crisis, it is that it was a catalyst for the unprecedented progress we have made in building robust international tax standards for the interconnected global economy of the 21st century. Article by Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration.The second EOIR Training Seminar for the second round of peer reviews took place in London on 9-13 May 2016.http://www.eoi-portal.org/articles/db4849139b849373481e03a36a70c88c2016-06-02T09:38:45.444+02:00The second of the training series for the Exchange of Information on Request (EOIR) second round of reviews took place in in London on 9- 13 May 2016. The training was a great success with more than 50 tax officials from 28 jurisdictions, in attendance. The event was organised by the Global Forum Secretariat and hosted by HM Revenue & Customs. The training took the form of a 5-day seminar with a “360 degree” format designed to prepare both assessed jurisdictions and assessors for the second round of EOIR peer reviews which will commence in the second half of this year. Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidancehttp://www.eoi-portal.org/articles/ddc4c065e68e47e3f85d97388b8a37ac2016-05-11T13:06:55.074+02:00The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries.An EOI Training Seminar for the second round of peer reviews took place in Singapore on 4-8 April 2016http://www.eoi-portal.org/articles/9e4ed94fcbaca4038bc8953c576cb43f2016-05-04T16:04:03.343+02:00Joint statement on the fight against illicit financial flows, by OECD Secretary-General Angel Gurría and Thabo Mbeki, Chair of the High Level Panel on Illicit Financial Flows from Africahttp://www.eoi-portal.org/articles/cbdd9c5f415dad33781c8200e7395afe2016-04-20T14:59:28.506+02:00he issue of illicit financial flows (IFFS) is at the forefront of the international agenda. Both the OECD and the High Level Panel have focused attention on this problem and have identified ways in which to tackle it. In the wake of recent revelations in the media exposing the use of secrecy, shell companies, and offshore accounts for illegal activities, there is an urgent need for the international community to come together, as money-laundering, tax evasion and international bribery which form the bulk of IFFs, affect all countries. A "Last Mile" Regional Seminar on Effective EOI, took place in Peru on 18-20 April 2016http://www.eoi-portal.org/articles/8796c96cd542930339149cefe147c9d52016-05-04T16:03:18.702+02:00Concrete actions needed to advance global tax transparency http://www.eoi-portal.org/articles/bf1aec64bda824636832c8b477d28cb12016-04-20T14:58:14.131+02:00The international community should call time on all remaining holdouts who have yet to implement internationally agreed tax transparency standards, OECD Secretary-General Angel Gurría said in a new report to the G20.Lebanon Supplementary Phase 1 Peer Review launched on 18 December 2015http://www.eoi-portal.org/articles/4510afbc3f53a3e34a29245bd7f640582016-04-11T15:11:56.363+02:00Statement from OECD Secretary-General Angel Gurría on the “Panama Papers” http://www.eoi-portal.org/articles/470613cf350f0cb34a8abc2eb40c5c7b2016-04-04T20:37:33.847+02:00The “Panama Papers” revelations have shone the light on Panama’s culture and practice of secrecy. Panama is the last major holdout that continues to allow funds to be hidden offshore from tax and law enforcement authorities.New Global Forum peer reviews highlight ever-increasing compliance with tax transparency standardshttp://www.eoi-portal.org/articles/f475a1f9e58bc403183c5b8462ca3e642016-03-14T16:18:33.412+01:00he world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information.Kenya becomes the 94th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidancehttp://www.eoi-portal.org/articles/293042505ffa54839be082d11c3066342016-02-08T18:09:37.565+01:00Kenya today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Kenya is the 12th African country to sign the Convention and the 94th jurisdiction to join it.Chad and Guyana join the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/5d55de022e8865832b685148b4dc268c2016-02-08T18:10:12.597+01:00Chad and Guyana have become the 130th and 131st members of the Global Forum on Transparency and Exchange of Information for Tax Purposes(Global Forum).Senegal takes key steps towards improving tax transparencyhttp://www.eoi-portal.org/articles/c4c69c9687eddd73387770db0de91dae2016-02-08T18:11:20.675+01:00Senegal today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Senegal is the 11th African country to sign the Convention and the 93rd jurisdiction to join it.Malaysia confirms its commitment to implement Automatic Exchange of Financial Account Informationhttp://www.eoi-portal.org/articles/d6f674a47f9f23f309d3c646aea2082b2016-02-08T18:12:20.94+01:00Malaysia today signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange of financial account information in time to commence exchanges in 2018.Barbados Supplementary Phase 2 Peer Review launched on 23 December 2015http://www.eoi-portal.org/articles/1493ce502b83a1c3ab9163d3dbfd9c2a2016-01-04T10:56:35.747+01:00Israel Supplementary Phase 2 Peer Review launched on 23 December 2015http://www.eoi-portal.org/articles/47272d34e4984873c97743f7ddbd79ae2016-01-04T10:56:54.231+01:00Greenland takes key step in implementing automatic exchange of financial account informationhttp://www.eoi-portal.org/articles/39bb4012d7329f9329daef8de1e83efd2016-01-04T12:08:42.622+01:00On 17 December 2015 Greenland signed the Multilateral Competent Authority Agreement‎, re-confirming its commitment to implement automatic exchange of financial account information in time to exchange in 2017.Kuwait joins the Global Forum on Transparency and Exchange of Information for Tax Purposeshttp://www.eoi-portal.org/articles/e59be638afdcee93e886642a75577d962015-12-18T18:22:48.286+01:00Kuwait became the 130th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes.Dominica Phase 2 Peer Review launched on 18 December 2015http://www.eoi-portal.org/articles/787a90a10e856b233a43e9a837646d562015-12-18T15:42:49.739+01:00Panama Phase 2 Peer Review launched on 17 December 2015http://www.eoi-portal.org/articles/94b76b6068bd19937835775b3a9ece452015-12-17T16:04:24.036+01:00Uganda Phase 2 Peer Review launched on 17 December 2015http://www.eoi-portal.org/articles/17906abc89b35d933b4e29dbc81abc162015-12-17T16:03:32.333+01:00Bulgaria Combined Phase 1 + Phase 2 Peer Review launched on 17 December 2015http://www.eoi-portal.org/articles/3f9c17ed79729fa3d9f0d3238dd8c4292015-12-17T15:02:50.036+01:00Senegal Phase 2 Peer Review launched on 16 December 2015http://www.eoi-portal.org/articles/75fdf51572a21e93090a821acb824f1d2015-12-16T16:36:33.253+01:00China takes important step to boost international co-operation against tax evasionhttp://www.eoi-portal.org/articles/9a859123bb1d32f38b970c22b5537deb2016-01-04T12:07:41.059+01:00Today the People’s Republic of China became the 77th jurisdiction to sign the Multilateral Competent Authority Agreement (MCAA), which allows it to move forward with plans to activate automatic exchange of financial account information in tax matters and commence exchanges with other countries in 2018. The G20 Leaders have repeatedly stressed their commitment to automatic exchange of information, most recently at their November meeting in Antalya, Turkey.Monaco confirms its commitment to implement Automatic Exchange of Financial Account Informationhttp://www.eoi-portal.org/articles/5771fea9d814fa030880c41b35919be32016-01-04T12:06:55.387+01:00Monaco today signed the Multilateral Competent Authority Agreement, which confirms its commitment to implement automatic exchange of financial account information in time to exchange in 2018.Azerbaijan Phase 2 Peer Review launched on 15 December 2015http://www.eoi-portal.org/articles/15cb2889c0def0737a93794defd6e0212015-12-15T10:31:37.831+01:00Burkina Faso Phase 2 Peer Review launched on 15 December 2015http://www.eoi-portal.org/articles/2319b3140fb985c3a9494e89a4daede72015-12-15T10:41:25.628+01:00Brunei Darussalam Phase 2 Peer Review launched on 8 December 2015http://www.eoi-portal.org/articles/d746488388103e134a3d2d80582fdb6a2015-12-08T17:05:40.578+01:00Romania Phase 2 Peer Review launched on 7 December 2015http://www.eoi-portal.org/articles/f0a26b274dd33f63da2b453cd2233cd62015-12-07T17:10:12.278+01:00Andorra takes key step in reaffirming its commitment to implement Automatic Exchange of Financial Account Informationhttp://www.eoi-portal.org/articles/7a521963a30462f36a65d70409480f782015-12-03T12:13:24.408+01:00Andorra today signed the Multilateral Competent Authority Agreement, marking a crucial step forward in its commitment to implement automatic exchange of financial account information in time to exchange in 2018.Niue becomes the 92nd jurisdiction to join the most powerful instrument against offshore tax evasion and avoidancehttp://www.eoi-portal.org/articles/afb427ec53e1a4534a7b5cdbfa34374d2015-11-27T14:30:12.244+01:00In Paris on the occasion of the COP21, the Honourable Billy Graham Talagi, Minister for Ministry of Natural Resources of Niue signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in the presence of Deputy Secretary General Rintaro Tamaki.Cameroon Phase 2 Peer Review launched on 27 November 2015http://www.eoi-portal.org/articles/2cdf9d365a1674a3d9fb6eaf4cbbe6962015-11-27T11:33:14.698+01:00Marshall Islands Phase 2 Peer Review launched on 24 November 2015http://www.eoi-portal.org/articles/bcd9a1397f0831f3b8767aa8271a60812015-11-25T09:33:15.633+01:00Israel joins international efforts to boost transparency and end tax evasionhttp://www.eoi-portal.org/articles/68da4df45e05d6837a01f776e6260b6c2015-11-24T15:46:53.992+01:00Israel signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion.Peru Phase 1 Peer Review launched on 13 November 2015http://www.eoi-portal.org/articles/e843f7d254ae759309e7d64e6052727f2015-11-13T17:17:47.085+01:00Gabon Phase 2 Peer Review launched on 13 November 2015http://www.eoi-portal.org/articles/0e0063e58c221ce3f9c4b6a4650ee0722015-11-13T11:31:53.648+01:00Lesotho Phase 2 Peer Review launched on 12 November 2015http://www.eoi-portal.org/articles/0c75f3286017e243183405d2d5fa464c2015-11-12T17:59:11.288+01:00Dominican Republic Phase 2 Peer Review launched on 6 November 2015http://www.eoi-portal.org/articles/3f908367a866cb23897e6744c8c5a2b72015-11-06T15:20:51.086+01:00Uganda becomes the 90th jurisdiction to join the most powerful multilateral instrument against offshore tax evasion and avoidancehttp://www.eoi-portal.org/articles/a7b7f3ec311fd3a3b9bd59f606ddafb62015-11-04T15:43:25.974+01:00ganda today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. It is the 8th country of the African continent to sign the Convention and the 90th jurisdiction to join it.Global Forum on tax transparency pushes forward international co-operation against tax evasion http://www.eoi-portal.org/articles/d8aaa6c94d078a23a8cba67b306b4ef62015-11-04T09:24:41.099+01:00Major implementation milestones are being met by members of the world’s leading forum on tax transparency as the international community continues to move ahead towards greater tax transparency. The imminent shift to the automatic exchange of information will send a strong warning to tax evaders.Launch of the Portal on Automatic Exchange of Information http://www.eoi-portal.org/articles/7c347b8155240a13591ef959a6be2abe2016-01-04T12:04:59.184+01:00he Automatic Exchange of Information (AEOI) portal provides a comprehensive overview of the work the OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes in the area of the automatic exchange of information, in particular with respect to the Common Reporting Standard.Albania Phase 2 Peer Review launched on 1 October 2015http://www.eoi-portal.org/articles/eee02363472a64230b25f4b23923b0c22015-10-01T10:52:34.583+02:00Switzerland Phase 2 Peer Review launched on 1 October 2015http://www.eoi-portal.org/articles/e120ab8b43dc7df3bba0d9ad70f2fd1e2015-10-01T10:46:24.02+02:00Joint OECD/Global Forum second advanced workshop on implementing the common reporting standard (CRS), Malaysiahttp://www.eoi-portal.org/articles/cb5f656658ad168368e6985722094a022016-01-04T12:03:53.356+01:00The Global Forum and OECD continue to reach out to support jurisdictions in meeting their commitments to implementing the new Standard on automatic exchange of information. Over the last 10 months, more than 400 government officials have attended training workshops on the new Standard run by the Global Forum and OECD. The sixth advanced workshop on the Standard was held in Malaysia, from 17 – 20 August, the eighth regional seminar to be held this year.UK partners with Ghana on tax transparencyhttp://www.eoi-portal.org/articles/f0e0ca1568250ce37a5ba37074a2a6462016-01-04T12:01:36.591+01:00The UK will help Ghana clamp down on tax avoidance and evasion by sharing expertise to improve their tax system.The Global Forum releases new compliance ratings on tax transparencyhttp://www.eoi-portal.org/articles/2dccecbfe32e6cc3b8fefcc5084884732015-08-03T11:34:09.446+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of information for tax purposes.Two regional workshops on exchange of information were held on 21-24 July 2015 in Bogota, Colombiahttp://www.eoi-portal.org/articles/42d55863169f4bc3b9f190545d0478d02015-11-04T17:12:28.864+01:00Two regional workshops were held in July in Colombia on the implementation of the global standards on Exchange of Information for Tax Purposes. Both courses were organised by Colombia, with the support of the Global Forum, the World Bank Group and CIAT, and more than 40 participants attended each event.A training seminar on exchange of information for tax auditors and investigators was held on 22-24 July 2015 in Yaounde, Cameroon.http://www.eoi-portal.org/articles/94aefdd3c7f5b633698e0d2a4adeb6232015-11-04T17:11:23.614+01:0052 tax auditors, tax investigators and Exchange of Information (EOI) officials from 4 francophone African countries (Benin, Cameroon, Congo and Mauritania) met in Yaounde from 22-24 July for a three day training seminar organised by the Global Forum Secretariat in cooperation with the Cameroonian Ministry of Finance.The Global Forum hosted a high level tax event on "Linking Transparency and Exchange of Information to Domestic Resource Mobilization" in conjunction with the Third UN Conference on Financing for Development in Addis Ababa on 14 July.http://www.eoi-portal.org/articles/2c29edd609bba4e3f846d3f5891020ca2015-11-04T17:10:34.645+01:00he Global Forum and the French Ministry of Finance, hosted an event titled Linking Transparency and Exchange of Information to Domestic Resource Mobilization in Addis Ababa in conjunction with the Third International Conference on Financing for Development.The Global Forum organised, jointly with the OECD, a workshop on the implementation of the new standard on Automatic Exchange of Information in the Seychelles on 6-9 July 2015. http://www.eoi-portal.org/articles/f3e2b53a23213173bb5c7f6510fada2d2015-11-04T17:09:18.505+01:00The Global Forum on Transparency and Exchange of Information for Tax Purposes organised, jointly with the OECD, a workshop on the implementation of the new standard on Automatic Exchange of Information (the Standard for Automatic Exchange of Financial Account Information in Tax Matters, or “AEOI Standard”) in the Seychelles from 6-9 July 2015. Fact sheet on tax transparency measures taken by jurisdictions on the “pan-EU list”http://www.eoi-portal.org/articles/ae1334d665a971735b869f28ffa7548f2015-07-09T19:03:43.918+02:00The EU Commission on June 17, made an announcement regarding third party non-cooperative jurisdictions. In response, Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration and Monica Bhatia, Head of the Global Forum Secretariat sent a letter to all Global Forum members. The Global Forum Secretariat has now produced a simple fact sheet which brings together in one place the tax transparency measures taken by the jurisdictions on the pan-EU list. It shows the very significant progress that most of these jurisdictions have made in implementing the international standards.Botswana Phase 2 Peer Review launched on 30 June 2015http://www.eoi-portal.org/articles/8549fdba3b6d7c230bfedc8e415a4a632015-06-30T12:36:04.742+02:00United Arab Emirates Phase 2 Peer Review launched on 30 June 2015http://www.eoi-portal.org/articles/e1dec168d730ab43aa16346c2e34fba32015-06-30T12:35:17.554+02:00Morocco Phase 2 Peer Review Report launched on 29 June 2015http://www.eoi-portal.org/articles/e489bc2e5df51fe309349e0e865c39b12015-06-29T17:42:42.601+02:00Tunisia Phase 1 Peer Review Report launched on 26 June 2015http://www.eoi-portal.org/articles/6c778e3113afa793b87fdc522b4512ef2015-06-26T15:57:12.523+02:00Niue Phase 2 Peer Review Report launched on 26 June 2015http://www.eoi-portal.org/articles/fdd520abe64b7bd35a09ad77b08923922015-06-26T15:58:25.383+02:00Mauritius deepens its commitment to fight international tax avoidance and evasionhttp://www.eoi-portal.org/articles/16a326199be0e643c98f69e6a0ca2c772015-06-25T10:59:33.867+02:00In line with the international movement towards more transparency and exchange of information, Mauritius has taken a significant step to enhance its exchange of information legal framework and has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.El Salvador Phase 2 Peer Review Report launched on 19 June 2015http://www.eoi-portal.org/articles/5865146b713ad273596d32c09adba4472015-06-19T18:09:58.609+02:00Seychelles Phase 2 Supplementary Review launched on 5 June 2015http://www.eoi-portal.org/articles/02ec2d068d34da233b9c16484a0306972015-06-05T16:25:43.242+02:00El Salvador joins international efforts to fight offshore tax evasionhttp://www.eoi-portal.org/articles/9258944f1715eef3d8e280903cdb6d052015-06-01T18:32:03.289+02:00El Salvador today signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the 86th signatory to the most comprehensive instrument for boosting international co-operation against offshore tax evasion.The Global Forum releases new compliance ratings on tax transparencyhttp://www.eoi-portal.org/articles/64362a5178a5f1833bb047158c92b3de2015-06-01T18:33:36.008+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes published today new peer review reports for the Czech Republic, Kazakhstan and Morocco.Saudi Arabia Phase 2 Peer Review launched on 2 April 2015http://www.eoi-portal.org/articles/96c7a9ea842f79d32975f3cce91c72942015-04-02T18:25:37.388+02:00International community continues making major progress to end tax evasionhttp://www.eoi-portal.org/articles/f9ba9788250bb0b3ba72479b86296b132015-03-16T11:53:46.771+01:00The Global Forum published today 9 new peer review reports, including a Phase 1 Supplementary Report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request.Kenya Phase 2 Peer Review launched on 6 March 2015http://www.eoi-portal.org/articles/e73493de786a69335939ed0600625bb62015-03-06T17:44:13.676+01:00Nigeria Phase 2 Peer Review Report launched on 6 March 2015http://www.eoi-portal.org/articles/730b2358b972a1634a162214046233052015-03-06T12:52:56.879+01:00Croatia Phase 1 Peer Review launched on 2 March 2015http://www.eoi-portal.org/articles/5573f3570dd37253b9c6bacf6195d92d2015-03-03T09:22:47.219+01:00The Global Forum welcomes Ivory Coast, Niger and Tanzania as new membershttp://www.eoi-portal.org/articles/2f60ff09d4870973b836323aa3adf2462015-02-19T14:26:21.237+01:00The Ivory Coast, Niger and Tanzania have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 124th, 125th and 126th members. As members, they have committed to implement the international standard of exchange of information on request and to participate in the Global Forum’s peer review process, which evaluates countries’ legal framework and practices for effective exchange of tax information.Colombia Phase 2 Peer Review launched on 2 February 2015http://www.eoi-portal.org/articles/0a243f2b5d6aac234a6cb8c4b34ef6baLuxembourg Phase 2 Supplementary Peer Review launched on 16 January 2015http://www.eoi-portal.org/articles/8a75c23bf42af993889c8bcc967d86652015-01-09T15:36:01+01:00Cyprus Phase 2 Supplementary Peer Review launched on 9 January 2015http://www.eoi-portal.org/articles/a00ed5fc7d8665436bbcd00f2ba917feLatvia Phase 2 Peer Review launched on 19 December 2014http://www.eoi-portal.org/articles/99589bb8836d74633b860e148390bbf3Romania Phase 1 Peer Review launched on 17 December 2014http://www.eoi-portal.org/articles/db93538ec7fe0f9339a9580297981cc2Georgia Phase 2 Peer Review launched on 12 December 2014http://www.eoi-portal.org/articles/d8d6a4a0c2d08eb3a81a9a6c3d38f3fb2014-12-12T16:06:44+01:00Azerbaijan Phase 1 Peer Review launched on 8 December 2014http://www.eoi-portal.org/articles/b7b07f3aabf9a2a368f2c7004b235e6dLesotho Phase 1 Peer Review launched on 8 December 2014http://www.eoi-portal.org/articles/2809e7d5882af8130a45b22cb52b4c78Costa Rica Phase 2 Peer Review launched on 8 December 2014http://www.eoi-portal.org/articles/973c8b4eb3939fd35b12155230a757abLithuania Phase 2 Peer Review launched on 24 November 2014http://www.eoi-portal.org/articles/164da54e2381f8e318d5ee27f4688c62Switzerland takes important step to boost international cooperation against tax evasionhttp://www.eoi-portal.org/articles/5766532b65e71b23780121a760932ffdSwitzerland has today become the 52nd jurisdiction to sign the Multilateral Competent Authority Agreement, which will allow it to go forward with plans to activate automatic exchange of financial account information in tax matters with other countries beginning in 2018.Dominican Republic Phase 1 Peer Review launched on 14 November 2014http://www.eoi-portal.org/articles/1c2d8dac461950739afe6d336a0ec7eaGlobal Forum Annual Report 2014 Publishedhttp://www.eoi-portal.org/articles/a29d9cde243e56839b5492a471b4a21eThis 2014 Report on Progress describes the major progress made in 2014 toward tax transparency. Part I of this report provides a brief presentation of the Global Forum. Part II of the report describes the activities of the Global Forum, namely the work on EOIR; the work on AEOI; and the work on advisory and assistance services.
Major new steps to boost international cooperation against tax evasionhttp://www.eoi-portal.org/articles/307881bff78133d3690fdedb3054b63929/10/2014 - The new OECD/G20 standard on automatic exchange of information was endorsed today by all OECD and G20 countries as well as major financial centres participating in the annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin. A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.Media Advisory: 7th Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, 28-29 October, in Berlin, Germanyhttp://www.eoi-portal.org/articles/0215c8728e8248d3592e3007b792b7c0Boosting international cooperation in tax matters will be at the top of the agenda of the 7th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, to be held in Berlin, Germany on 28-29 October.British Virgin Islands Supplementary Review launched on 17 October 2014http://www.eoi-portal.org/articles/3fca0326925b6783e804b0e96e57d85bAustria Supplementary Review launched on 17 October 2014http://www.eoi-portal.org/articles/52784897510f0eb35873611033fcf8bfMonaco deepens commitment to fight offshore tax avoidance and evasionhttp://www.eoi-portal.org/articles/47e2ff7c7eab0f2388ca1511cc9b4b1dOECD Secretary-General Angel Gurría welcomed today the Principality of Monaco’s commitment to strengthen international tax co-operation after it became the 84th jurisdiction participating in the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.Albania Phase 1 Peer Review launched on 3 October 2014http://www.eoi-portal.org/articles/d9bec89f7aea45e3ebc295876725a6f7Liechtenstein Phase 2 Peer Review launched on 30 September 2014http://www.eoi-portal.org/articles/e21a0c3ef021edc33a78a8e32d3c4ef3Burkina Faso Phase 1 Peer Review launched on 30 September 2014http://www.eoi-portal.org/articles/c4c3a38d7fe1f043c8178a8d9982e280Pakistan Phase 1 Peer Review launched on 29 September 2014http://www.eoi-portal.org/articles/d75d37293939d7431817e6714ef72e65Samoa Phase 2 Peer Review launched on 29 September 2014http://www.eoi-portal.org/articles/85554698fcfb8db30928afcc864158d72014-09-29T15:20:09+02:00Gabon Phase 1 Peer Review launched on 29 September 2014http://www.eoi-portal.org/articles/646b278c2d2d61138b9293e23e5351e7The Philippines signs the Convention on Mutual Administrative Assistance in Tax Mattershttp://www.eoi-portal.org/articles/f14cb81a468d1763eb456f51c63c29762014-09-29T09:18:41+02:00The Philippines has become the 68th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the most powerful international instrument to fight international tax avoidance and evasion. To enter into force, the Convention must now be ratified by The Philippines.Senegal Phase 1 Peer Review launched on 26 September 2014http://www.eoi-portal.org/articles/875c304c6f317d33582c7dbbce435cd92014-09-29T09:16:41+02:00Uganda Phase 1 Peer Review launched on 22 September 2014http://www.eoi-portal.org/articles/a97e87c8a191fe03bafa950d265053d1Cameroon Phase 1 Peer Review launched on 11 September 2014http://www.eoi-portal.org/articles/6b9ec14e7f768553a9a50f12d7b1478dGlobal Forum releases new compliance ratings on tax transparency for 10 jurisdictionshttp://www.eoi-portal.org/articles/87ef7121a3dbf7b38a2e5373ca5a4bea2014-08-04T11:22:15+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes published today 13 new peer review reports demonstrating progress toward implementation of the international standard for exchange of information on request. The Global Forum also issued compliance ratings for 10 jurisdictions.
Andorra commits to automatic exchange of information in tax mattershttp://www.eoi-portal.org/articles/5dd890d09ea5dba3dacf27e226103b602014-06-18T21:11:06+02:00Andorra has become the 48th signatory to an OECD Declaration that commits countries to end bank secrecy for tax purposes.Switzerland Supplementary Review launched on 11 July 2014http://www.eoi-portal.org/articles/7d4ee0f527eb31a30bfb06e5a47d711aCuraçao Phase 2 Peer Review launched on 3 June 2014http://www.eoi-portal.org/articles/5d818b2f6fb05d03d92563baed519fc92014-06-05T15:44:48+02:00Czech Republic Phase 2 Peer Review launched on 1 July 2014http://www.eoi-portal.org/articles/d9bfca2379efe7937bce156e93e44ac02014-07-03T16:47:13+02:00Mauritania Phase 1 Peer Review launched on 27 June 2014http://www.eoi-portal.org/articles/c0f63089491a9e733a1bf5bed35a1a21Morocco Phase 1 Peer Review launched on 27 June 2014http://www.eoi-portal.org/articles/fdd8a0ffa5742cf3e9d88bd01d8cac0e2014-06-27T15:41:54+02:00Poland Phase 2 Peer Review launched on 19 May 2014http://www.eoi-portal.org/articles/036c7113eaece84328614775f65112922014-05-21T11:21:52+02:00Countries commit to automatic exchange of information in tax mattershttp://www.eoi-portal.org/articles/5731197a869ab2f3e9300390793830d8Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange of information between jurisdictions.International community continues making progress on tax transparency http://www.eoi-portal.org/articles/fd41be11f97883b3eb0837591feb777cThe international community continues making progress toward greater cooperation to ensure effective information exchange in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes issued today 12 new reports that highlight action being taken by jurisdictions to implement the international standard for exchange of information on request.Hungary Phase 2 Peer Review launched on 7 April 2014http://www.eoi-portal.org/articles/16d9e88c3ee290d319d5e7cb6a4355e02014-04-07T15:53:44+02:00Gibraltar Phase 2 Peer Review launched on 3 April 2014http://www.eoi-portal.org/articles/146c7804c2fba0b37aad1e7dc7e48469Uruguay Phase 2 Peer Review launched on 1 April 2014http://www.eoi-portal.org/articles/21c33a597bb57d739b2ee9772de9d21ePortugal Phase 2 Peer Review launched on 10 March 2014http://www.eoi-portal.org/articles/c6d48d53e8af41936a8eba40f540d58bAruba Phase 2 Peer Review launched on 10 March 2014http://www.eoi-portal.org/articles/b271fb2cb3ddb7331b032334dfa0d33fPhase 2 Review of Belize launched on 3 March 2014http://www.eoi-portal.org/articles/ff6ce3fd6afefd83088fa61f91109df62014-03-03T16:45:18+01:00Phase 2 Review of the Cook Islands launched on 28 February 2014http://www.eoi-portal.org/articles/2368d680f9806b93f9e5843ea4a4fde7OECD delivers new single global standard on automatic exchange of informationhttp://www.eoi-portal.org/articles/c485181bad4d50536ab137b063abcd732014-02-13T17:16:39+01:00Offshore tax evasion remains a serious problem for countries and jurisdictions worldwide, with vast amounts of funds deposited abroad and sheltered from taxation when taxpayers fail to comply with obligations in their home countries.Phase 2 Review of Israel launched on 10 January 2014http://www.eoi-portal.org/articles/5cf7efe7f53242e3f9cc18112cd6fca3Saint Vincent and the Grenadines Phase 2 Peer Review launched on 16 December 2013http://www.eoi-portal.org/articles/665d0d4b6cefb7638828be0481cb6f376th Global Forum Assessor Training Seminar: 9-11 December 2013http://www.eoi-portal.org/articles/9b4d7b4ede0c3d533a2f6283da544893The sixth Global Forum’s Assessor Training Seminar was held on 9-11 December 2013 in Ajman, United Arab Emirates. The seminar was attended by 61 experts from 27 jurisdictions spanning jurisdictions from Europe, Asia and America. The meeting was hosted by the Ministry of Finance of United Arab Emirates as part of their two year Memorandum of Understanding.Ghana Phase 2 Peer Review launched on 6 December 2013http://www.eoi-portal.org/articles/8f2fe736dae9c4f31bc785a65032fedb2013-12-09T10:39:20+01:00Grenada Phase 2 Peer Review launched on 6 December 2013http://www.eoi-portal.org/articles/8f2fe736dae9c4f31bc785a65032fedb2013-12-09T10:40:43+01:00Global Forum moves towards automatic exchange of tax information and transparencyhttp://www.eoi-portal.org/articles/ec51db948cd3d653b8aa5bd09277ec322013-11-22T14:30:24+01:0022/11/2013 - The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.
Members of the Global Forum on Transparency and Exchange of Information for Tax Purposes took significant steps during a 21-22 meeting in Jakarta, Indonesia to implement a global call for greater international co-operation against tax evasion. To see the actions taken, visit the website below. http://www.oecd.org/newsroom/global-forum-moves-towards-automatic-exchange-of-tax-information-and-transparency.htmPhase 2 Review of the Russian Federation launched on 8 November 2013http://www.eoi-portal.org/articles/00d32bdd8661fd738812e555b637682eSaint Kitts and Nevis Phase 2 Peer Review launched on 21 October 2013http://www.eoi-portal.org/articles/3e32504de65c4d9378850b0a554c133aSaint Lucia Phase 2 Peer Review launched on 18 October 2013http://www.eoi-portal.org/articles/b01ad7f8e765c963d9f19cb65e124fc1Andorra Phase 2 Peer Review launched on 2 October 2013http://www.eoi-portal.org/articles/cf3ef936b9a3cd93883b5ebad3680ce3Mexico Phase 2 Peer Review launched on 30 September 2013http://www.eoi-portal.org/articles/294b2920289a1423486924effd8e8f07Montserrat Phase 2 Peer Review launched on 30 September 2013http://www.eoi-portal.org/articles/cf53ba643f01acc3c847836e5ad61c58Antigua and Barbuda Phase 2 Peer Review launched on 6 September 2013 http://www.eoi-portal.org/articles/8c1096b0ac04d1c39a0d0b46fcda85dc2013-09-06T15:08:39+02:00Former Yugoslav Republic of Macedonia Phase 2 Peer Review launched on 6 September 2013http://www.eoi-portal.org/articles/0aa8f142b8a5d1d3eabcb726284d1973Latvia Phase 1 Peer Review launched on 2 September 2013http://www.eoi-portal.org/articles/72bbd23ef8053d33c9f1ad5b28953c0aLatvia Phase 1 Peer Review launched on 2 September 2013Chile Phase 2 Peer Review launched on 2 September 2013http://www.eoi-portal.org/articles/894714cee8fe3213e98ddd522014387f2013-09-02T10:30:49+02:00Chile Phase 2 Peer Review launched on 2 September 2013Switzerland signs first tax information exchange agreement with Isle of Manhttp://www.eoi-portal.org/articles/04f13f7a2a3e9db35a21070e9e7b1a8fOn 28 August 2013 in London, Switzerland signed its first agreement for the exchange of information on tax matters with the Isle of Man. Such agreements are concluded within the framework of Switzerland's international administrative assistance policy. Switzerland is continuing to pursue negotiations on agreements of this type with other interested jurisdictions. China joins international efforts to end tax evasionhttp://www.eoi-portal.org/articles/b6670379f18ae623292b94b84a1d4ee8Anguilla Phase 2 Peer Review launched on 26 August 2013http://www.eoi-portal.org/articles/2bc343fb209afc433b4b70b252f958d6Global Forum on Tax Transparency: New reports review jurisdications’ information exchange http://www.eoi-portal.org/articles/65e3b4eb14ab99b32911e5a96ab9fef52013-07-31T15:10:33+02:00The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange. Later this year, most of these reviews will feed into the ratings assigned to 50 jurisdictions, backing G20 and Global Forum efforts to strengthen tax cooperation and stamp out cross-border tax evasion. The Supplementary Review of Jersey has been launchedhttp://www.eoi-portal.org/articles/86556039afb90633c95a687ab34faa7bColombia Phase 1 Peer Review launched on 2 July 2013http://www.eoi-portal.org/articles/7fbd6d8fbd6cf743bbc4c692218c4177Indonesia Phase 2 Peer Review launched on 28 June 2013http://www.eoi-portal.org/articles/00c8a2e2c8b373535aabfaa8d857c057Malaysia Phase 2 Peer Review launched on 28 June 2013http://www.eoi-portal.org/articles/a0412ca8f8c7b67348f63252763006e2Competent Authorities discuss ways to improve cooperation on exchange of tax informationhttp://www.eoi-portal.org/articles/d56b39e9a0a9fcf3ba1040df3fc310f8The Global Forum on Transparency and Exchange of Information held its 2nd meeting of the Competent Authorities in Amsterdam on 30-31 May 2013. This important event kindly hosted by the Netherlands was attended by 174 delegates from 77 jurisdictions. The meeting was primarily designed for Global Forum member jurisdictions’ officials who are engaged in EOI for tax purposes.Austria, Luxembourg and Singapore among countries signing-on to end tax secrecyhttp://www.eoi-portal.org/articles/b71233da0980a3d3abd852f787d0784d29/05/2013 - As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.Georgia Phase 1 Peer Review launched on 3 June 2013http://www.eoi-portal.org/articles/49cc63b24109e8f3598e02648d8b438dSingapore To Significantly Strengthen Framework for International Tax Cooperationhttp://www.eoi-portal.org/articles/704c3a19af5d3093e988517b68546252Slovak Republic Phase 2 Peer Review launched on 29 April 2013http://www.eoi-portal.org/articles/45d55364ac7c8613aaeeb772da8d41212013-04-29T16:09:43+02:00The Supplementary Review of Mauritius has been launchedhttp://www.eoi-portal.org/articles/8425d60bcd6b0be3ea8548d4c46072a2The Supplementary Review of Mauritius has been launchedhttp://www.eoi-portal.org/articles/7c8b6e4f443ed213293b38fcc00051032011-08-08T10:25:22+02:00OECD reports new developments in tax information exchangehttp://www.eoi-portal.org/articles/63fdbd67dc68de03b9b190fde9ba2dcaOECD Secretary-General Angel Gurría has presented a report to G20 Finance Ministers and Central Bank Governors that highlights measures to ensure that all taxpayers pay their fair share.Global Forum on tax transparency shifts focus to effectiveness of information exchange http://www.eoi-portal.org/articles/248016dbe0edacd31b835394e1a8b7542013-04-11T11:30:42+02:0011/04/2013 – The Global Forum on Transparency and Exchange of Information for Tax Purposes has released 15 peer review reports. 9 reports evaluate the tax systems relating to exchange of information in Belize, Finland, Iceland, Nauru, Poland, Portugal, Sweden and Turkey. In a further 4 reports, the Global Forum assesses the information exchange practices of Belgium, the Cayman Islands, Guernsey and Singapore. The Global Forum has also released two supplementary reports, for Costa Rica and United Kingdom.
Seychelles Phase 2 Peer Review launched on 2 April 2013http://www.eoi-portal.org/articles/c837b88b2679ac23e8bc7e85758692f9Slovenia Phase 2 Peer Review launched on 2 April 2013http://www.eoi-portal.org/articles/2b9d81fa931fea63a9719e2de1467207Nigeria Phase 1 Peer Review Report launched on 29 March 2013http://www.eoi-portal.org/articles/a18acc0d9bdb375399ad9c3be934ae19Macao, China Phase 2 Peer Review Report launched on 28 March 2013http://www.eoi-portal.org/articles/ee00c3464ad9c7c36b3eee3f8901cc48Estonia Phase 2 Peer Review Report launched on 28 March 2013http://www.eoi-portal.org/articles/9a43619fce1a2223ab949c922869a56dEstonia Phase 2 Peer Review Report launched on 28 March 2013Jamaica Phase 2 Peer Review launched on 8 March 2013http://www.eoi-portal.org/articles/b70a3e42c14af8b379883f6cc9752440The Phase 2 review of Jamaica will review the implementation of the standard in practice. This review will be based on the Phase 1 report adopted in September 2010.Hong Kong, China Phase 2 Peer Review launched on 20 December 2012http://www.eoi-portal.org/articles/1c5a48d33ca0f443b9672f4764377797The Global Forum on Tax Transparency welcomes Azerbaijan and the Kingdom of Lesotho as new membershttp://www.eoi-portal.org/articles/4f4f55a31ea730239ad2ddaab5567e14Azerbaijan and the Kingdom of Lesotho have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 119th and 120th members of the Global Forum, they will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters. Botswana signed tax agreements with Nordic countrieshttp://www.eoi-portal.org/articles/8393a75e9ede06d369c3071df1a679c12013-02-22T09:43:57+01:0022 February 2013: Botswana signed TIEAs with Denmark, Faroe Islands, Finland, Greenland, Iceland and Norway. They signed a protocol amending the convention with Sweden. Barbados Phase 2 Peer Review launched on 8 February 2013http://www.eoi-portal.org/articles/6c92882c0f3bc273192eaee4624feaa8Report on the United States Virgin Islandshttp://www.eoi-portal.org/articles/47dc573d106bfdc36a082c3a540a8bf92013-02-20T14:12:33+01:00The United States Virgin Islands (USVI) was scheduled to undergo a Phase 1 review in the first half of 2012 and a Phase 2 review in the first half of 2013. After reviewing the particular circumstances of the USVI, the Global Forum finds that the relationship between the United States and the USVI is such that the conclusions of the United States’ own review may generally be extended to the USVI. In particular, the power of the IRS to obtain information in the possession or control of persons in the USVI and exchange this information with its treaty partners is clearly established, and the rules contained in the United States’ Internal Revenue Code regarding availability of ownership, identity and accounting information apply generally to entities and arrangements organised in the USVI pursuant to the “mirror code”. Consequently, the USVI has been removed from the schedule of reviews. Click on the link below to read the report.Kenya Phase 1 Peer Review launched on 1 January 2013http://www.eoi-portal.org/articles/05e364d99085d513c84836d43a3cc96ePhilippines Phase 2 Peer Review launched on 24 January 2013http://www.eoi-portal.org/articles/ee8e01dfe951e783b91fd25bfa7d815dThe Global Forum on Tax Transparency welcomes Romania as new memberhttp://www.eoi-portal.org/articles/ff1f6f3f643c174358257c739cdbbf30Romania has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 118th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.
“We are delighted to welcome Romania as a new Global Forum member”, said OECD Secretary-General Angel Gurría “Romania will now be among the jurisdictions that are directly involved in the international effort to make tax systems worldwide transparent and fair to all, and I look forward to strengthening our mutual cooperation in this important field..”
The Global Forum’s aim is to ensure that all jurisdictions adhere to the same high standard of international cooperation in tax matters and governments come together to fight and prevent tax evasion. Membership of the Global Forum keeps growing - a clear indication of the value of its work to countries worldwide.
Consistently supported by G-20 leaders, since 2010 the Global Forum has published 88 peer review reports containing 616 recommendations to help jurisdictions improve their cooperation in tax matters. As a result, more than half of the countries reviewed have already introduced or proposed changes to their laws.
Read more on Romania on the EOI Portal: http://www.eoi-tax.org/jurisdictions/RO.
For further information, journalists should contact Monica Bhatia, Head of the Global Forum Secretariat at tel. : + 33 1 45 24 97 46.
Lithuania Phase 1 Peer Review launched on 9 January 2013http://www.eoi-portal.org/articles/cfaa3139dc5224e349eac49eb3be720dCyprus Phase 2 Peer Review launched on 21 December 2012http://www.eoi-portal.org/articles/6071dafe315cb5c31b0fbbd62c180437Turks and Caicos Phase 2 Peer Review launched on 7 January 2013http://www.eoi-portal.org/articles/9ad982e6daee53339a0c618c6b45bb5dThe Federated States of Micronesia Phase 1 Peer Review launched on 21 December 2012http://www.eoi-portal.org/articles/d61525557d0e6dc3db2a37e0a3c1342f2013-01-11T16:51:59+01:00The Federated States of Micronesia Phase 1 Peer Review launched on 21 December 2012.Guatemala: commits to international exchange of tax information http://www.eoi-portal.org/articles/08f91048ff09e77379e90e26c1c614e405/12/2012 - Guatemala has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters allowing it to be removed from the list of countries that have not yet substantially implemented the internationally agreed tax standard.Gibraltar has signed a TIEA with Mexicohttp://www.eoi-portal.org/articles/bd3111e414705fb38abdba3790520530The agreement was signed in Mexico City by the Mexican Finance Minister on 9 November 2012 and by Gibraltar's Minister for Financial Services on 29 November 2012.Tax agreement with Panamahttp://www.eoi-portal.org/articles/1f55cdb781bd9b939a82c9bd5bcf0f5bThe Nordic countries have signed yet another information exchange agreement with an off-shore financial centre, this time with Panama. The latest success for the Nordic campaign to curb international tax evasion is an agreement reached on Monday 12 November between Panama on the one hand and Sweden, Denmark, Norway, Finland, Iceland, Greenland and the Faroe Islands on the other.
Since 2007, a unique Nordic project has resulted in a whole series of agreements with so-called offshore financial centres. The agreement with Panama is the 39th in the series, which provides the Nordic countries with insight into who has been evading tax. The total amount involved runs into billions.
For constitutional reasons the treaties are bilateral and have to be processed by the national parliaments. Once this has been done, it will no longer be possible to move hidden assets and money to Panama. The Nordic countries will also be able ask for information about assets belonging to Nordic companies and private individuals. The agreement was signed on 12 November 2012 at a ceremony in the Panamanian embassy in London.
Contact:
Torsten Fensby
Tel.: +33 678 251 289
Contacts
Bodil Tingsby
Phone +45 33 96 03 57
Email bot@norden.orgGlobal Forum on tax transparency welcomes new members and reviews 12 countries http://www.eoi-portal.org/articles/e09a94bcf1060cb33afd56462d54df1d2012-11-06T12:10:02+01:00At the Global Forum in Cape Town, South Africa, delegates from 81 jurisdictions and 11 international organisations evaluated whether all Forum members are exchanging tax information effectively.
Virgin Islands (British) Phase 2 Peer Review Report launched on 26 October 2012http://www.eoi-portal.org/articles/ab287058fdcd9c93f8a92bd9760a3aedVirgin Islands (British) Phase 2 Peer Review Report launched on 26 October 2012The Global Forum welcomes Burkina Faso and Cameroon as new membershttp://www.eoi-portal.org/articles/00c42e783d499c532a8bee6a17c15cc72012-10-17T18:17:41+02:00Burkina Faso and Cameroon have joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As 112th and 113th members of the Global Forum they will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.
“We are delighted to welcome Burkina Faso and Cameroon as a new Global Forum members”, said OECD Secretary-General Angel Gurría. “They are now among the jurisdictions directly involved in the international effort to make tax systems worldwide transparent and fair to all. Following their lead and that of other African countries, we look forward to continue strengthening international and regional cooperation in Africa.. Domestic resource mobilisation through a transparent and effective tax system is a key element for successful development policies ”
The Global Forum’s aim is to ensure that all jurisdictions adhere to the same high standard of international cooperation in tax matters and that all governments come together to fight and prevent tax evasion. Membership of the Global Forum has gradually grown, and the fact that more African countries recently joined it highlights the importance of the work being carried out by the Forum over the last few years. Having the African Tax Administration Forum (ATAF) as an observer of the Global Forum helps to increase co-operation in the African region.
Consistently supported by G-20 leaders, the Global Forum has, since 2010, published 79 peer review reports containing 495 recommendations to help jurisdictions improve their cooperation in tax matters. As a result, more than half of the countries reviewed have already introduced or proposed changes to their laws. The Global Forum recently launched Phase 2 of its review process, which will examine countries’ effectiveness of exchange of information practices.
The next meeting of the Global Forum will be held on 26-27 October 2012 in Cape Town, South Africa. At the meeting, more than 80 jurisdictions and 7 International Organisations will discuss ways to further promote information exchange in tax matters, ensuring that all people, in all countries, pay their fair share.
Read more on Burkina Faso on the EOI Portal: http://www.eoi-tax.org/jurisdictions/BF
Read more on Cameroon on the EOI Portal: http://www.eoi-tax.org/jurisdictions/CM
For further information, journalists should contact Pascal Saint-Amans, Director, Centre for Tax Policy and Administration at +33 1 45 24 91 08 / Monica Bhatia, Head of the Global Forum Secretariat at + 33 1 45 24 97 46.
Malta Phase 2 Peer Review launched on 2 October 2012http://www.eoi-portal.org/articles/72d22c79f27450c399871594613d2d21Malta Phase 2 Peer Review launched on 2 October 2012The Global Forum welcomes Pakistan as a new memberhttp://www.eoi-portal.org/articles/4f4a8318550f6073a917ba00ed0486222012-10-03T15:18:36+02:00Pakistan has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. As the 111th member of the Global Forum, it will participate in the peer review process which encourages all countries to adopt effective exchange of information in tax matters.
Luxembourg Phase 2 Peer Review launched on 1 October 2012http://www.eoi-portal.org/articles/0e7c8a8209204693c8247622365e6fdeLuxembourg Phase 2 Peer Review launched on 1 October 2012Monaco Phase 2 Peer Review launched on 1 October 2012http://www.eoi-portal.org/articles/944d0bc72760b2139ba1adde2b1c31ebMonaco Phase 2 Peer Review launched on 1 October 2012Austria Phase 2 Peer Review launched on 1 October 2012http://www.eoi-portal.org/articles/98511387071415a35b8535ec28eff199Austria Phase 2 Peer Review launched on 1 October 2012Qatar Phase 2 Peer Review launched on 1 October 2012http://www.eoi-portal.org/articles/9ea02a2663666c43f992ee4430851daeQatar Phase 2 Peer Review launched on 1 October 2012India Phase 2 Peer Review launched on 1 October 2012http://www.eoi-portal.org/articles/c5710ad84658c7a3c981d7ac1072ff4dIndia Phase 2 Peer Review launched on 1 October 2012Singapore Phase 2 Peer Review launched on 6 August 2012http://www.eoi-portal.org/articles/512be2543d24afa3b9e469e4ef114407Bermuda Phase 2 Peer Review launched on 27 July 2012http://www.eoi-portal.org/articles/40d2957bfd8a7c2389f95729b3d681c4Cayman Islands Phase 2 Peer Review launched on 18 July 2012http://www.eoi-portal.org/articles/de35f96caa6882d37b703c8cdbc518eb2012-07-19T15:32:28+02:00Brazil Phase 2 Peer Review launched on 17 July 2012http://www.eoi-portal.org/articles/a7ea4ea0961c1913ba3003608cdcd696The Global Forum welcomes Kazakhstan as new member http://www.eoi-portal.org/articles/5f661570504cd403ba3ecb6d43c5381dKazakhstan has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes.Guernsey Phase 2 Peer Review launched on 3 July 2012http://www.eoi-portal.org/articles/c497c503981dda036a24bb414f96896eBelgium Phase 2 Peer Review launched on 2 July 2012http://www.eoi-portal.org/articles/5034938f76435b731ba907b43b04db5c2012-07-02T15:11:10+02:00Brunei Darussalam signed TIEAs with the 7 Nordic Countrieshttp://www.eoi-portal.org/articles/7458c5bde2c9519399dda8ed8e3949332012-06-29T10:20:57+02:00Brunei signed today Tax Information Exchange Agreements with Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden.Tax co-operation boosted as Global Forum publishes new reports http://www.eoi-portal.org/articles/e8ee2f92f6752313f81c4cdcf005dd27The Global Forum has adopted nine new peer review reports and three supplementary reports. This brings to 79 the total number of reports adopted, with a further 17 reviews under way. The focus will now shift to exchange of information in practice with the launch of Phase 2 reviews and steps to improve cooperation amongst Competent Authorities.
Global Forum and OECD report steady progress in international tax co-operationhttp://www.eoi-portal.org/articles/0ef0c6a1889f84b3892b73a1b17a2385Steady progress is being made towards tackling tax evasion more effectively, according to reports presented to G20 leaders at their summit in Los Cabos, Mexico.Finland Combined Peer Review launched on 4 June 2012http://www.eoi-portal.org/articles/b0b25cf1d0b92e034ba7797531f722d4Portugal Phase 1 Peer Review launched on 4 June 2012http://www.eoi-portal.org/articles/0dbaffba613942831b7902c490bd8ea0Guatemela signed Tax Information Exchange Agreements with the 7 Nordic Countrieshttp://www.eoi-portal.org/articles/79712f94143831d3c8ba35fb71d565142012-05-21T14:23:59+02:00Guatemala signed Tax Information Exchange Agreements (TIEAs) with Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden. This brings the total of agreements signed by Guatemala to 11.Turkey Combined Phase 1 + Phase 2 Peer Review launched on 10 May 2012http://www.eoi-portal.org/articles/cfbe22440bdbb5930ae19bc3c91915eaThe Global Forum welcomes Tunisia as new member http://www.eoi-portal.org/articles/1da9f7e86702dbe3eaf84a156570e2e0With Tunisia joining the Global Forum, 108 member jurisdictions are now actively working towards effective exchange of tax information. Tunisia will now participate in the work of the Global Forum, benefit from the peer review process and will share the advantages of a fully transparent tax environment. Read more on Tunisia on the EOI Portal: http://www.eoi-tax.org/jurisdictions/TNPressure to end tax evasion grows as the Global Forum publishes new reviews http://www.eoi-portal.org/articles/3b049b8abd6b66830b75b0429a2f836a05/04/2012 - The Global Forum on Transparency and Exchange of Information for Tax Purposes has just completed peer reviews of another 11 jurisdictions. Reports on Brazil, Chile, Costa Rica, Cyprus, the Czech Republic, Guatemala, Malta,Mexico, Saint Vincent and the Grenadines and the Slovak Republic evaluate whether their national laws allow transparency and international exchange of tax information (Phase 1). The review of Korea also looked at the effectiveness of Korea’s exchange of information in practice (Phase 1 plus Phase 2). These reports bring to a total of 70 the number of peer review the Global Forum has completed since March 2010. The Global Forum also issued 3 supplementary reports - for Barbados, Bermuda and Qatar – which assess the whether these jurisdictions have acted upon the Forum’s recommendations to improve agreements and legislation. All three jurisdictions’ compliance with the international standards has progressing significantly. The Phase 2 reviews for Bermuda and Qatar will take place in the second half of 2012 and for Barbados in the first half of 2013. Belize Phase 1 Peer Review launched on 2 April 2012http://www.eoi-portal.org/articles/2e656ba38dc2a623bb0b2a25fce337dbSweden Combined Phase 1 + Phase 2 Peer Review launched on 2 April 2012http://www.eoi-portal.org/articles/557a5defe3b73c13995ad768746a0962Iceland Combined Phase 1 + Phase 2 Peer Review launched on 30 March 2012http://www.eoi-portal.org/articles/060827a53eda50437bb7060d7cd85137Nauru Phase 1 Peer Review launched on 29 March 2012http://www.eoi-portal.org/articles/dccd5d1989e8d0c31be5f7b3c7a5d5c5Slovenia Phase 1 Peer Review launched on 19 March 2012http://www.eoi-portal.org/articles/2f9a9a479824204318415f1b35fb9e8bJob vacancy in the Global Forum Secretariathttp://www.eoi-portal.org/articles/fe7f443f88ca7f730abfdff056e68679The Global Forum on Transparency and Exchange of Information for Tax Purposes is looking for a Senior Tax Analyst. Samoa Phase 1 Peer Review launched on 12 March 2012http://www.eoi-portal.org/articles/b0974698608393032b5bd5a28f130840The Supplementary Review of Antigua and Barbuda has been launchedhttp://www.eoi-portal.org/articles/35de6c990cfbf083d96cbea93320f91fIsrael Phase 1 Peer Review launched on 12 March 2012http://www.eoi-portal.org/articles/06e2d280f432d1638a43052b8bac53bb2012-03-13T09:17:31+01:00Argentina undergoes Combined reviewhttp://www.eoi-portal.org/articles/e35e9664684e38a3bb72c0eafc7215eeAfter approval by the Global Forum, Argentina will now undergo a Combined review, which commenced on 2 February 2012.Poland Phase 1 Peer Review launched on 20 February 2012http://www.eoi-portal.org/articles/251418a8f747a69358f8107c02960232Marshall Islands Phase 1 Peer Review launched on 13 February 2012http://www.eoi-portal.org/articles/940707f91ddba123ebbc91422b6141bbArgentina Phase 1 Peer Review launched on 2 February 2012http://www.eoi-portal.org/articles/a9423a142ab08983aae4d72c87d0d88dThe Global Forum welcomes Latvia as new memberhttp://www.eoi-portal.org/articles/e076063a830a37a37b22b882e2aee349With Latvia joining the Global Forum, 107 member jurisdictions are now actively working towards effective exchange of tax information. Latvia will now participate in the work of the Global Forum, benefit from the peer review process and will share the advantages of a fully transparent tax environment. Read more on Latvia on the EOI Portal: http://www.eoi-tax.org/jurisdictions/LV
The Global Forum held its 4th Assessor Training Seminarhttp://www.eoi-portal.org/articles/a083c7c6f6c6e803484e8d4c799f61932012-01-25T15:17:12+01:00From 18 to January 2012, in Buenos Aires, Argentina, the Global Forum on Transparency and Exchange of Information for Tax Purposes held its 4th Assessor Training Seminar.
The meeting was attended by delegates of 22 jurisdictions and several international institutions. As well as the in-depth training, the seminar provided an interesting opportunity for participants to cultivate and establish useful contacts with colleagues from all over the world. It was held in conjunction with the special meeting for international and regional organisations regarding the Global Forums platform for international organisations to co-ordinate their technical assistance activities concerning tax transparency and information exchange.
1st Global Forum’s meeting on the Technical Assistance Platformhttp://www.eoi-portal.org/articles/0cd6ad83d050d2039b8f23589f66f3a72012-01-25T15:33:59+01:00The Global Forum on Transparency and Exchange of Information for Tax Purposes hosted on 20 January 2012, in conjunction with the Assessor Training Seminar, a special meeting for international organisations and development agencies. The meeting sought comments on a proposal for a technical assistance coordination platform to be hosted by the Global Forum and focused on the areas of tax transparency and information exchange. The meeting brought together more than 50 representatives of 19 international organisations and development agencies, by way of video and telephone conferencing, using meeting sites established in Buenos Aires and Paris.
The Bahamas and Malta signed a tax information exchange agreement on 18 January 2012http://www.eoi-portal.org/articles/68907fdefb6918a3b82a28993d8edbd3The Global Forum welcomes Lithuania as new member http://www.eoi-portal.org/articles/3fc2171f491bfe9329b38d3d71caccfcWith Lithuania joining the Global Forum, 106 member jurisdictions are now actively working towards effective exchange of tax information. Lithuania will now participate in the work of the Global Forum, benefit from the peer review process and will share the advantages of a fully transparent tax environment.Niue Phase 1 Peer Review launched on 3 January 2012http://www.eoi-portal.org/articles/fdbc0cb047d1ff738965b996e2203107Dominica Phase 1 Peer Review launched on 3 January 2012http://www.eoi-portal.org/articles/ca3eec88f00a39d358c7e436849d2c9fSint Maarten Phase 1 Peer Review launched on 22 December 2011http://www.eoi-portal.org/articles/c294583f0b51fdb32af118ee1975e334Australia and Bahrain signed a tax information exchange agreement on 15 Decemberhttp://www.eoi-portal.org/articles/63ef8c4492c667d359f73f19c13e45da2011-12-15T10:59:44+01:00New tax agreements move Uruguay to the substantially implemented categoryhttp://www.eoi-portal.org/articles/bbc0cbd13a3876e39803780e317b7818Uruguay has signed 7 new agreements providing for the exchange of tax information, showing its willingness to implement the global standards. This brings to a total of 18 (1) the number of agreements Uruguay has with other countries, allowing it to move up to the OECD’s list of those that have ‘substantially implemented the standard for exchange of information’.
The Czech Republic signed a TIEA with San Marino on 25 November 2011http://www.eoi-portal.org/articles/46d79466242f7983eb5a2023ce9995b92011-12-02T15:54:54+01:00Mauritius signed TIEAs with Denmark, Faroe Islands, Finland, Greenland, Iceland and Norway on 1 December 2011http://www.eoi-portal.org/articles/8a81bb70c6cf35631a3347c9c390b7382011-12-02T15:53:16+01:00Cook Islands Phase 1 Peer Review launched on 21 November 2011http://www.eoi-portal.org/articles/40f821b11a2f62b39a700db1bc12b367Barbados develops its EOI networkhttp://www.eoi-portal.org/articles/ae48d803cbda52d349ef75e6c3b7ed0eIn the last few weeks, Barbados signed its first three Tax Information Exchange Agreements (TIEAs) with Denmark, the Faroe Islands and Greenland. These represent the first agreements of this kind signed by Barbados since the adoption of the 2002 Model Agreement on Exchange of Information on Tax Matters. Barbados also signed two new Double Tax Conventions with the Czech Republic and Iceland, and updated four other treaties by signing amending protocols to its DTCs with Canada, Finland, Norway and Sweden.Lebanon Phase 1 Peer Review launched on 14 November 2011http://www.eoi-portal.org/articles/a0d90a3516dd06433b27b925e2e16477Liberia Phase 1 Peer Review launched on 7 November 2011http://www.eoi-portal.org/articles/03efe448d83159636911f50bad512c14Global Forum Publishes Report to the G20 on Tax Transparencyhttp://www.eoi-portal.org/articles/e2f8f84f82bb45b3a98eee04eadcec60Tax Transparency 2011: Report on Progress, a report prepared by the Global Forum on Transparency and Exchange of Information for Tax Purposes, was delivered to the G20 in Cannes and is now available to journalists.Saint Lucia Phase 1 Peer Review launched on 2 November 2011http://www.eoi-portal.org/articles/b8686e8248ad0d53380628f5b6364e1fMontserrat expands its network for international exchange of tax information http://www.eoi-portal.org/articles/063f6152cbb64813d95be6161724451bMontserrat has signed a tax information exchange agreement with Germany. Montserrat has now signed 12 agreements that meet the international standard which moves it in the category of jurisdictions that have substantially implemented the standard for exchange of information.
Montserrat Phase 1 Peer Review launched on 31 October 2011http://www.eoi-portal.org/articles/dcf0ed9530da11834b082be2a4a33317South Africa Combined Peer Review launched on 28 October 2011http://www.eoi-portal.org/articles/fd12d09506bce7734b07d7e0e860f5c4China Combined Peer Review launched on 28 October 2011http://www.eoi-portal.org/articles/5043b4bbf05caee3eb09821765d9757d2011-10-28T13:48:47+02:0013 Peer Review Reports and 5 Supplementary Reports Adoptedhttp://www.eoi-portal.org/articles/39e2814e9186d3b35a9d4410d5f087fbMembers of the Global Forum adopted and published a new set of 18 peer review reports, including 7 supplementary reports, bringing to 66 the number of reports completed since March 2010.
Reports on Brunei Darussalam, the Former Yugoslav Republic of Macedonia, Gibraltar, Hong Kong (China), Indonesia, Macao (China), Malaysia, Uruguay and Vanuatu focus on their legal frameworks which allow for transparency and international exchange of information. The reviews of Japan, Jersey, the Netherlands and Spain consider in addition these jurisdictions’ exchange of information in practice.
The five supplementary reports – for Mauritius, Monaco, San Marino, the Turks and Caicos Islands, and the Virgin Islands (British) – assess the changes to legislation that these jurisdictions have made to address recommendations made by the Global Forum in previous reviews.
Global Forum delivers concrete results to the Cannes G20 Summit http://www.eoi-portal.org/articles/1d9cab4424f042631ac0c60cad78ff07The work undertaken by the Global Forum ensures that all citizens pay their taxes so that governments have the revenues they need to run their country and supply public services. Read more:
http://www.oecd.org/document/7/0,3746,en_21571361_44315115_48940615_1_1_1_1,00.html
The Global Forum expands as El Salvador, Mauritania, and Morocco commit to the standardhttp://www.eoi-portal.org/articles/4e2d330d0b682923fb2f966cc5e8e841With El Salvador, Mauritania, and Morocco joining the Global Forum, now 105 member jurisdictions actively work toward effective exchange of tax information. Thanks to their participation in the works of the Global Forum, all jurisdictions benefit from the peer review process and will share the advantages of a fully transparent tax environment. Eleven new jurisdictions committed to the standard in 2011, showing the worldwide reach of Global Forum’s activities.Russian Federation Phase 1 Peer Review Report launched on 3 October 2011http://www.eoi-portal.org/articles/312116c06e8c81a30b95290d3a9784b0Saint Vincent and the Grenadines Phase 1 Peer Review Report launched on 3 October 2011http://www.eoi-portal.org/articles/aeddb58a7219ebb3fafb29611e69cf2eTrinidad and Tobago becomes the 102nd Global Forum memberhttp://www.eoi-portal.org/articles/afd068cc80e438638adf41405dfe0ace2011-10-04T17:36:42+02:00A step forward: Trinidad and Tobago recently committed to implement the international standard on tax transparency and information exchange. It has now joined the Global Forum, becoming the 102nd member. The Phase 1 Peer Review report on Trinidad and Tobago was released in January 2011, and is available at the EOI portal: http://eoi-tax.org/jurisdictions/TT
Guernsey leads the way on tax information agreements with developing nationshttp://www.eoi-portal.org/articles/354925643b4e635389af3fc86bf657ca2011-09-26T11:01:48+02:00Guernsey at the forefront of sharing expertise and best practice on tax transparency and information exchange with developing countries in the Southern African Development Community.Virgin Islands (British) Phase 1 Supplementary Peer Review Report launched on 22 August 2011http://www.eoi-portal.org/articles/ba2a1d6cc9647173da2c5667ec883dfb2011-09-12T12:35:09+02:00Turks and Caicos Islands Phase 1 Supplementary Peer Review Report launched on 22 August 2011http://www.eoi-portal.org/articles/1a3d0f32c5534353ebef7355b41c323dJurisdictions move towards full tax transparency http://www.eoi-portal.org/articles/17bee161d3db9bc31abdc90af9592f9dFurthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.
Saudi Arabia Phase 1 Peer Review launched on 5 September 2011http://www.eoi-portal.org/articles/baeb69bf08cf47132bd211cc9cfae505Slovak Republic Phase 1 Peer Review launched on 5 September 2011http://www.eoi-portal.org/articles/9fdb5b4423e61b833b335b8b4452969aCzech Republic Phase 1 Peer Review launched on 29 August 2011http://www.eoi-portal.org/articles/d0b2a382775193e3188988e0fea70dc82011-08-29T16:00:57+02:00Chile Phase 1 Peer Review launched on 12 August 2011http://www.eoi-portal.org/articles/dd741d05db342773a9d31c733f838af0The Supplementary Review of Panama has been launchedhttp://www.eoi-portal.org/articles/24ffe4f21960c813da27a0f0ad372106Greece Combined Peer Review launched on 8 August 2011http://www.eoi-portal.org/articles/f8b90383823329c3f8f255384bb05ebd2011-08-08T10:47:17+02:00Republic of Korea Combined Peer Review launched on 8 August 2011http://www.eoi-portal.org/articles/5c204274b631fa13792cf864c641b3322011-08-08T10:45:44+02:00Malta Phase 1 Peer Review launched on 1 August 2011http://www.eoi-portal.org/articles/6fa528ac8db1d2d3ba11541e21a07ebb2011-08-02T10:54:57+02:00Brazil Phase 1 Peer Review launched on 1 August 2011http://www.eoi-portal.org/articles/8338696ecb94ad83c821a2f0957b9bc52011-08-02T10:56:21+02:00The Follow-up procedure for Monaco has been launchedhttp://www.eoi-portal.org/articles/866b82503fc26923f883d412774f02c7The Supplementary Review of Bermuda has been launchedhttp://www.eoi-portal.org/articles/97909e723f86355398a825491de8d215The Supplementary Review of San Marino has been launchedhttp://www.eoi-portal.org/articles/219b8c452dd4bcd32b5e6d3941e84972The Supplementary Review of Barbados has been launchedhttp://www.eoi-portal.org/articles/8678c1f3d5f376f3798049ff104a7a9eGuatemala Phase 1 Peer Review launched on 8 July 2011http://www.eoi-portal.org/articles/225f7a827a6d0773b8e24081eeebc79d2011-07-08T17:48:35+02:00Panama meets target for international exchange of tax information http://www.eoi-portal.org/articles/a0f3342dbde38b934b1ccd00e6dcabe1Panama today moved to the OECD’s list of jurisdictions considered to have substantially implemented the standard for exchange of information when it signed a tax information exchange agreement with France. This brings Panama’s total agreements to the critical 12 that meet the international standard.
Costa Rica Phase 1 Peer Review launched on 4 July 2011http://www.eoi-portal.org/articles/6d356ec74d9519b3195d143f8e925daaMexico Phase 1 Peer Review launched on 4 July 2011http://www.eoi-portal.org/articles/9d9e3eb1bc0512a3ab251d361af5c6b7Costa Rica expands its network for international exchange of tax information http://www.eoi-portal.org/articles/9da1de5130658ee3493c181b73ebb10fCosta Rica has recently signed agreements allowing for exchange of tax information with Australia and the Nordic economies, bringing its total network of exchange of information treaties to 12 and moving it to the list of jurisdictions considered to have substantially implemented the internationally agreed tax standard.Vanuatu expands its network for international exchange of tax information http://www.eoi-portal.org/articles/6fb05f3ed7fbdf23da4444fa9b5b2d7b2011-06-20T17:19:50+02:00Vanuatu has recently signed an agreement allowing for exchange of tax information with Ireland, bringing its total network of exchange of information treaties to 12 and moving it to the list of jurisdictions considered to have substantially implemented the internationally agreed tax standards.Countries continue to move towards better tax transparencyhttp://www.eoi-portal.org/articles/c4ac001858c3380379d58f184326c2272011-06-01T22:38:14+02:00The Global Forum has issued peer review reports on Hungary, France, the Isle of Man, Italy, New Zealand, the Philippines, Singapore, Switzerland, and the United States. Read more:Bermuda hosted the 3rd Global Forum meetinghttp://www.eoi-portal.org/articles/04bce91d78ea88631989c4741c17a58f2011-06-06T13:56:06+02:00The third meeting of the Global Forum took place on 31 May and 1 June, 2011 at the Fairmont Southampton Resort in Bermuda. More information is available on the Global Forum meeting web site at: http://www.globalforumbermuda.com/
Gibraltar Phase 1 Peer Review launched on 9 May 2011http://www.eoi-portal.org/articles/2ef71accf07220d318c16be90d74a55fMacao, China Phase 1 Peer Review launched on 4 May 2011http://www.eoi-portal.org/articles/68d86f8a6b824e030ba4196565361b692011-05-24T17:43:29+02:00The Global Forum keeps up the pressure – 7 more reports publishedhttp://www.eoi-portal.org/articles/351fddb5e1033c43db660ac50c9df50cThe Global Forum on Transparency and Exchange of Information for Tax purposes has published another 7 reports showing how well its members stack up in their ability to assist in the fight against international non-compliance in tax matters. The Global Forum, hosted by the OECD, has now conducted, adopted and published reports on 25 of its 100 members.Global Forum groups more than half the world http://www.eoi-portal.org/articles/41c6b0bf6c6c2a03a972a3acb03c99f7With Ghana, Georgia and Nigeria joining in the past few weeks, the Global Forum on Transparency has now 101 members and expects more countries to join soon.
Global Forum on Transparency groups more than half the world http://www.eoi-portal.org/articles/3fd09505c04bd3f3ba6d2590fbfb8782With Ghana, Georgia and Nigeria joining in the past few weeks, the Global Forum on Transparency has now 101 members and expects more countries to join soon.The Seychelles signs new TIEAshttp://www.eoi-portal.org/articles/5f1859b387a99173bbb8ce171e83c5c12011-04-21T19:22:12+02:00The Seychelles signed Tax Information Exchange Agreements with Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden on 30 March 2011. Liberia expands its network for international EOIhttp://www.eoi-portal.org/articles/98e71d6649859963dbe72265923d03b2The Republic of Liberia has signed an agreement allowing for exchange of tax information with Ghana on Friday, 24 February 2011. Liberia had previously signed 11 such agreements – including agreements with the Nordic economies, France, the Netherlands, the United Kingdom and Portugal. Liberia’s signing with Ghana brings their total to 12 agreements that meet the internationally agreed tax standard. Liberia has been participating in the OECD’s multilateral TIEA negotiation program since early in 2010, and has also actively pursued its own schedule of negotiations. Liberia’s signing with Ghana is an important step towards bringing greater co-operation on the African continent. Liberia has also concluded negotiations for agreements with a number of other partners that it hopes to sign shortly.G20 Finance Ministers and Central Bank Governors: Final Communique http://www.eoi-portal.org/articles/3d6e19b4a9efe2339a8e773a5b288d8aThe G-20 Finance Ministers and Central Bankers met in Paris, France on 18-19 February 2011. In their Communiqué they refer to the work of the Global Forum. A copy of the relevant paragraph is shown below.
7. We reiterated our call to improve compliance with international standards and strengthen the process of identifying non-cooperative jurisdictions. We look forward to the forthcoming update by FATF of the public list of jurisdictions with strategic deficiencies and to a public list of all jurisdictions evaluated by the FSB ahead of the next G20 Leaders Summit. We welcome the 18 peer reviews issued by the Global Forum on Transparency and Exchange of Information and urge all jurisdictions so far identified as not having the elements in place to achieve an effective exchange of information to promptly address the weaknesses. We look forward to the progress report by November 2011, based on the expected completion of around 60 phase 1 reviews, to address in particular the jurisdictions' quality of cooperation with the Forum, level of compliance and unsolved deficiencies. We call upon more jurisdictions to join the Global Forum and to commit to implementing the standards. We urge all jurisdictions to extend further their networks of Tax Information Exchange Agreements and encourage jurisdictions to consider signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
Belize signs its 12th exchange of information agreement meeting the international standardhttp://www.eoi-portal.org/articles/7ccb4455710410f3a89b5b260f4a0c4eBelize and Portugal have signed a tax information exchange agreement bringing to 12 the number of agreements that Belize has signed in accordance with the international standard.
As a result, Belize now moves into the category of jurisdictions that are considered to have substantially implemented the internationally agreed tax standard.Marshall Islands signs its 12th exchange of information agreement meeting the international standardhttp://www.eoi-portal.org/articles/e79d7b6ebec140e3896ba6eb319c0327The Marshall Islands and Ireland have signed a tax information exchange agreement bringing to 12 the number of agreements that the Marshall Islands has signed in accordance with the international standard.
As a result, the Marshall Islands now moves into the category of jurisdictions that are considered to have substantially implemented the internationally agreed tax standard.
Bermuda Peer Review Report was published on 30 September 2010http://www.eoi-portal.org/articles/dae5d775ce6963f33bf0a015fe887644The Philippines implements international tax standard http://www.eoi-portal.org/articles/a75baac23d219bd3da84837abe3457e3The Philippines today moved up to the list of jurisdictions that ‘have substantially implemented the internationally agreed tax standard’. After passing legislation earlier this year, the Philippines this week issued regulations to implement the new legislation.
The Philippines has a network of more than 30 treaties that provide for exchange of information in tax matters. Until now, however, domestic legal restrictions prevented its tax authorities from obtaining and exchanging certain types of information, such as bank information. The new law and regulations remove these restrictions, thus enabling many of the Philippines’ existing treaties to meet the international standard.
Commenting on the latest development, Jeffrey Owens, Director of the OECD’s Centre for Tax Policy and Administration, said: “The Philippines has participated in the work of the Global Forum since 2005. I am very pleased to see that it has now upgraded its legislation to meet the international standard, reflecting the worldwide movement towards greater transparency and exchange of information.
There is a great deal of ongoing progress in jurisdictions’ domestic laws as well as signing exchange of information agreements as they move to implement the international standards. We look forward to working with the Philippines over the coming years”.
The Cook Islands signs its 12th tax agreement meeting the international standard http://www.eoi-portal.org/articles/4101efc836ee90e309baaa0badbe20b32011-05-26T17:33:30+02:00The Cook Islands and France signed a tax information exchange agreement earlier this week bringing to 12 the number of agreements that the Cook Islands has signed in accordance with the international standard. As a result, the Cook Islands now moves into the category of jurisdictions that are considered to have substantially implemented the internationally agreed tax standard.